BALK LANCE C 4

What Happened Lance C. Balk, a director of Belden Inc. (BDC), reported a series of GRAT-related transfers on Feb 17–18, 2026. The filing shows matched "other acquisition or disposition (J)" entries totaling 45,000 shares (18,625 + 13,900 + 12,475) at $0.00 per share — i.e., transfers/distributions rather than market purchases or sales. The transactions include distributions back to Mr. Balk from his grantor retained annuity trust (GRAT) and distributions from the GRAT to beneficiaries.

Key Details

• Transaction dates and amounts:
  • 2026-02-17: Disposed 18,625 shares @ $0.00; Acquired 18,625 shares @ $0.00.
  • 2026-02-17: Disposed 13,900 shares @ $0.00; Acquired 13,900 shares @ $0.00.
  • 2026-02-18: Disposed 12,475 shares @ $0.00; Acquired 12,475 shares @ $0.00.
• Total shares involved: 45,000 shares transferred; reported dollar value $0.00 (internal trust/beneficiary transfers).
• Shares owned after transaction: not stated in the provided excerpt of the filing.
• Footnotes:
  • F1: Distribution from the Reporting Person’s GRAT back to the Reporting Person.
  • F3: Distribution from the GRAT to the GRAT’s beneficiaries.
  • F2: Includes 6,625 shares held in trust for adult children; Mr. Balk disclaims beneficial ownership of those shares.
• Transaction code J: denotes “other acquisition or disposition” (typically transfers among controlled entities or between the reporting person and trust).
• Filing timeliness: Report filed 2026-02-19 for transactions on Feb 17–18, which appears timely (within the usual two-business-day Form 4 window).

Context These entries reflect internal trust distributions and transfers (GRAT activity) rather than open-market buys or sales, so they generally do not signal a direct change in the director’s market view. Distributions to beneficiaries and transfers into/out of trusts are common estate- and tax-planning actions; the filing also clarifies that certain shares are held for adult children and disclaimed by Mr. Balk.