Form 4: Belden Inc. VP and CAO Doug Zink Reports Stock Transactions
SEC Form 4
Doug Zink, VP and CAO of Belden Inc., reports the exercise of stock appreciation rights and subsequent sale of shares, resulting in changes to his beneficial ownership.
Summary
- On November 4th and 5th, 2024, Doug Zink, VP and CAO of Belden Inc., engaged in transactions involving Belden's common stock and stock appreciation rights (SARs).
- Zink exercised SARs at prices of $74.91, $61.79, and $89.23, acquiring 947, 1,210, and 2,675 shares respectively.
- Following the exercise of SARs, Zink disposed of shares at a price of $115.64, selling 796, 911, and 1,801 shares respectively to cover the cost of the SARs and tax obligations.
- On November 5, 2024, Zink sold 1,324 shares of common stock at $117.488 per share.
- After these transactions, Zink directly owns 9,643 shares of Belden Inc. common stock and indirectly owns 999.1079 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings are monitored by investors to gain insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, as mandated by the SEC.
- The transactions reported are typical for executives who receive stock options or stock appreciation rights as part of their compensation packages.
- Similar filings can be observed for executives at comparable companies in the technology and manufacturing sectors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, as insider transactions are often scrutinized for signals about the company's prospects.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/25/2016 | Original grant date of some stock appreciation rights, which became exercisable in equal portions on the first three anniversaries of the grant date. |
| 02/22/2018 | Original grant date of some stock appreciation rights, which became exercisable in equal portions on the first three anniversaries of the grant date. |
| 02/28/2020 | Original grant date of some stock appreciation rights, which became exercisable in equal portions on the first three anniversaries of the grant date. |
| 11/04/2024 | Date of stock appreciation rights exercise and stock disposal. |
| 11/05/2024 | Date of common stock sale. |
| 02/25/2025 | Expiration date of some stock appreciation rights. |
| 02/22/2027 | Expiration date of some stock appreciation rights. |
| 02/28/2029 | Expiration date of some stock appreciation rights. |
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