Brown Judy L 4

What Happened Judy L. Brown, a director of Belden Inc. (BDC), was granted 1,527 restricted shares on May 21, 2026. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant). The filing’s footnote values the award at $160,000 based on the closing price on the grant date ($104.79 per share). The restricted shares’ vesting/restrictions are generally removed one year after the award date but may accelerate in cases of death, disability or retirement.

Key Details

• Transaction date: May 21, 2026; filing date: May 26, 2026 (filed timely given the May 25 U.S. holiday).
• Reported acquisition price on Form 4: $0.00; fair value per footnote: $104.79; total award value per footnote: ~$160,000.
• Shares received: 1,527 restricted common shares (grant under the Company’s 2021 Long Term Incentive Plan).
• Shares owned after transaction: not disclosed in the Form 4.
• Footnote: award calculated as $160,000 ÷ $104.79 (closing price on 5/21/2026); restrictions generally lapse after one year, subject to accelerated removal for death, disability, retirement.
• Transaction code: A = Award/Grant of restricted stock.

Context This was a compensation grant (restricted stock), not an open-market purchase or sale. Restricted shares typically carry vesting or transfer restrictions for a period (here, generally one year), so they do not represent shares available for immediate sale. Director awards are a common form of non-cash compensation and are informational rather than a direct signal of immediate buying/selling intent.