Form 4: Belden Inc. SVP HR Leah Tate Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Leah Tate, SVP HR of Belden Inc., reports transactions involving common stock and stock appreciation rights, including shares withheld for taxes and sales pursuant to a 10b5-1 trading plan.
Summary
- Leah Tate, SVP HR of Belden Inc., filed a Form 4 detailing changes in beneficial ownership.
- The transactions include the withholding of shares for tax purposes related to vested restricted stock units on February 21, 2025, and February 24, 2025.
- Ms. Tate exercised stock appreciation rights (SARs) for 441 shares on February 24, 2025, at an exercise price of $53.79.
- A sale of 164 shares occurred on February 25, 2025, at a price of $111.76.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on November 8, 2024.
- After these transactions, Ms. Tate directly owns 22,567 shares of Belden Inc. common stock.
- She also indirectly owns 3,360 shares through her spouse and 1,030.1076 shares through the Belden Retirement Savings Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The use of a 10b5-1 plan suggests a pre-arranged strategy to avoid accusations of insider trading.
Comparison to Industry Standards
- Comparing Leah Tate's transactions to those of other SVPs at similarly sized companies in the electronics manufacturing sector would provide context.
- For example, executives at Amphenol or TE Connectivity also regularly file Form 4s related to stock options and restricted stock units.
- The use of a 10b5-1 trading plan is a common practice among corporate executives to manage their stock transactions while avoiding potential insider trading concerns.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity related to compensation and pre-planned sales.
- Employees may be interested in the stock transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| 2022-03-03 | Date of Limited Power of Attorney execution. |
| 2023-02-22 | Date Stock Appreciation Rights exercisable. |
| 2024-11-08 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-02-21 | Shares withheld for tax purposes related to restricted stock unit grant. |
| 2025-02-22 | Date Stock Appreciation Rights expire. |
| 2025-02-24 | Shares withheld for tax purposes related to restricted stock unit grant and SARs exercised. |
| 2025-02-25 | Sale of shares reported. |
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