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BELDEN INC.·4

Mar 2, 5:47 PM ET

Lieser Brian 4

4 · BELDEN INC. · Filed Mar 2, 2026

Research Summary

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Belden (BDC) EVP Brian Lieser Receives Award

What Happened Brian Lieser, Executive Vice President & Chief Communications Officer of Belden Inc. (BDC), received 2,848 shares on March 2, 2026 as the result of vested awards (reported at $0.00 per share). Concurrently, 449 shares were withheld to satisfy tax withholding related to a portion of the vested restricted stock units. These were not open-market purchases or sales but compensation-related distributions.

Key Details

  • Transaction dates: March 2, 2026 (award delivery and tax-withholding disposition).
  • Transaction codes: A = Award/Grant (2,848 shares acquired at $0.00); F = Shares withheld for tax purposes (449 shares disposed at $0.00).
  • Shares owned after transaction: Not specified in the filing; footnote F2 notes the balance of Belden stock held in the Belden Retirement Savings Plan as of the filing date.
  • Notable footnotes:
    • F1: 449 shares withheld for taxes related to RSUs that vested Feb 26, 2026; shares delivered on March 2, 2026.
    • F3: A supplemental distribution (0.54 shares per share) from the company's Stretch Achievement Share Award program was included based on 2025 EPS of $7.54; the reported share count reflects the after‑tax number delivered.
  • Timeliness: Filing date and reporting period are March 2, 2026; the transaction appears reported on the same date (no late filing indicated).

Context

  • These transactions are compensation-related (vesting and supplemental PSU distribution) rather than open-market buying or selling; tax-withholding disposals are routine and do not necessarily indicate a change in insider sentiment.
  • The $0.00 per-share amounts reflect awards distributed to the executive, not purchases or sales at market price.

Insider Transaction Report

Form 4
Period: 2026-03-02
BELDEN INC.BDC
Lieser Brian
EVP - Chief Comm. Officer
Transactions
  • Tax Payment

    Common Stock

    [F1]
    2026-03-02−449→ 31,703 total
  • Award

    Common Stock

    [F3]
    2026-03-02+2,848→ 34,551 total
Holdings

  • Common Stock

    [F2]
    (indirect: By 401(k))
    528.394
Footnotes (3)
  • [F1]Shares withheld for tax purposes related to portion of February 26, 2025 restricted stock unit grant that vested on February 26, 2026. The resulting shares were delivered on March 2, 2026.
  • [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]Pursuant to the Company's Stretch Achievement Share Award program, certain PSUs granted in 2022 and 2023 were subject to enhancement based on company performance from 2022 through 2024 (the "Prior PSUs") and the achievement of an adjusted earnings per share ("EPS") goal in 2025. Based on the Company's 2025 EPS of $7.54, for each share received in 2025 from the vesting and distribution of the Prior PSUs awardees received a supplemental distribution of 0.54 shares, subject to tax withholding. The number in this cell reflects the after-tax number of shares delivered to the Reporting Person on March 2, 2026.
Signature
/s/ Brian E. Anderson, attorney-in-fact for Brian Lieser|2026-03-02

Documents

2 files