Form 4: Belden SVP Hiran Bhadra Acquires Shares Through Employee Stock Purchase Plan

Hiran Bhadra, Belden Inc.'s SVP of Strategy & Technology, acquired 219 shares of common stock at $96.62 per share through the company's Employee Stock Purchase Plan.

Summary

• Hiran Bhadra, SVP, Strategy & Technology at Belden Inc. (BDC), reported a transaction on July 10, 2025.
• Acquired 219 shares of Belden Inc. common stock at a price of $96.62 per share.
• The acquisition was made through the Belden Inc. 2021 Employee Stock Purchase Plan (ESPP).
• The ESPP allows employees to purchase shares at 85% of the lesser of the price at the beginning (January 1, 2025) or end (June 30, 2025) of the offering period, funded via payroll deductions.
• Following this transaction, Hiran Bhadra directly beneficially owns 26,119 shares of common stock.
• An additional 717.9602 shares are indirectly held in the Belden Retirement Savings Plan.
• A Limited Power of Attorney, dated March 11, 2025, was granted by Hiran Bhadra to Brian E. Anderson and Elizabeth Schepers, authorizing them to file SEC reports on his behalf.

Sentiment

Score: 7

Explanation: The acquisition of shares by a senior executive, particularly through an employee stock purchase plan, generally indicates positive sentiment and confidence in the company's prospects. It's a routine transaction, but the insider buying is a positive signal.

Positives

• The acquisition of shares by a senior executive indicates confidence in the company's future prospects.
• Participation in the Employee Stock Purchase Plan aligns the executive's financial interests with those of shareholders.
• The ESPP offers a discounted purchase price (85% of the lesser of two period-end prices), providing a benefit to participating employees.

Future Outlook

NA

Management Comments

• Shares were acquired through the Belden Inc. 2021 Employee Stock Purchase Plan, which is broadly available to employees and allows purchases at 85% of the lesser of the price at the beginning (January 1, 2025) or end (June 30, 2025) of the offering period, funded via payroll deductions.

Industry Context

NA

Corporate Governance

Related Party Transactions

• Acquisition of 219 common stock shares by SVP Hiran Bhadra through the Belden Inc. 2021 Employee Stock Purchase Plan, a company-wide employee benefit.

Stakeholder Impact

• Shareholders: Increased insider ownership, potentially signaling management confidence in the company's future performance.
• Employees: The existence of an Employee Stock Purchase Plan benefits participating employees by allowing discounted share purchases, fostering employee ownership and alignment with company success.

Key Dates

Recommendation

Keywords

Belden Inc., BDC, Form 4, Insider Transaction, Employee Stock Purchase Plan, ESPP, Hiran Bhadra, Share Acquisition, Executive Compensation