Lieser Brian 4

What Happened
Brian Lieser, Executive Vice President & Chief Communications Officer of Belden Inc. (BDC), received an award of 2,160 shares on March 11, 2026 (transaction code A, price $0.00). On the same date 1,033 shares were treated as a disposition (transaction code F) to satisfy tax withholding obligations (price $0.00). These entries reflect delivery and withholding tied to equity awards that vested.

Key Details

• Transaction dates: March 11, 2026 (award delivered and tax-withholding disposition).
• Reported prices: $0.00 (typical for vested awards — not an open-market trade).
• Shares acquired: 2,160 (after-tax shares delivered).
• Shares disposed: 1,033 (withheld to cover taxes).
• Shares owned after the transaction: not specified in the filing.
• Footnotes of note:
  • F1: Original grant on March 7, 2023 of 4,113 performance stock units (PSUs) converted with a 1.055 factor to 4,340 shares; the reported 2,160 reflects the after-tax number delivered on March 11, 2026.
  • F3: 1,033 shares were withheld for taxes related to a portion of the restricted stock unit (RSU) grant that vested on March 7, 2026; the resulting shares were delivered March 11, 2026.
  • F2: Filing references shares held in the Belden Retirement Savings Plan as of the filing date.
• Timeliness: Filing dated March 11, 2026, the same date as the reported delivery — appears to be timely.

Context
This was a vesting/delivery of equity awards (PSUs/RSUs), not an open-market buy or sale. The reported disposition is solely for tax withholding (common practice) and does not necessarily indicate an intended sale of shares on the market. For retail investors: award receipts show executive compensation realization, while withheld shares reduce the net shares delivered to the insider.