Ashish Chand - Mar 6, 2024 Form 4 Insider Report for BELDEN INC. (BDC)

Role
President and CEO, Director
Signature
/s/ Brian E. Anderson, attorney-in-fact for Ashish Chand
Stock symbol
BDC
Transactions as of
Mar 6, 2024
Transactions value $
-$3,990
Form type
4
Date filed
3/8/2024, 05:52 PM
Previous filing
Feb 23, 2024
Next filing
Jul 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BDC Common Stock Options Exercise $39K +537 +0.65% $72.57 83.5K Mar 6, 2024 Direct
transaction BDC Common Stock Disposed to Issuer -$43K -493 -0.59% $87.14 83K Mar 6, 2024 Direct F1
holding BDC Common Stock 977 Mar 6, 2024 By 401(k) Plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BDC Stock Appreciation Rights Options Exercise $0 -537 -100% $0.00* 0 Mar 6, 2024 Common Stock 537 $72.57 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This represents the difference between the number of SARs exercised (537) and the number of shares issued as a result of the exercise (44). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($87.14) and the exercise price ($72.57). Additional shares are then withheld to satisfy the Company's tax withholding obligations.
F2 Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.
F3 Per the terms of the grant agreement, as amended, the stock appreciation rights were to be automatically exercised on the expiration date if the fair market value exceeded the grant price. Due to incorrect settings in the administrator's systems, the awards were initially cancelled. Once this was corrected, the exercise was executed on March 6, 2024.