Research Summary
AI-generated summary of this SEC filing
Belden (BDC) Director Lance C. Balk Gifts 10,000 Shares
What Happened
Lance C. Balk, a director of Belden Inc. (BDC), reported gifting 10,000 shares of Belden common stock on August 3, 2026. The transaction shows $0.00 consideration (a gift) and was reported on a Form 4 filed August 5, 2026. Footnotes state the shares were transferred to an irrevocable trust in which the reporting person has no control or pecuniary interest.
Key Details
- Transaction type: Gift (code G) of 10,000 shares; price reported $0.00 (no cash received).
- Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (filed promptly, not marked late).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1: Shares transferred to an irrevocable trust in which Balk has no control or pecuniary interest.
- F2: Includes 6,625 shares held in trust for adult children; Balk disclaims beneficial ownership of those shares.
- F3: Balk disclaims beneficial ownership of the transferred shares beyond any pecuniary interest given his lack of intention to exert voting or disposition power.
- No 10b5-1 plan, option exercise, or tax-withholding indicated.
Context
Gifts such as this are typically estate-planning or family transfers and do not necessarily signal the insider’s view of the company’s near-term prospects. Because the shares were moved to an irrevocable trust where the director disclaims control or pecuniary interest, this transfer reduces Balk’s personal control/beneficial stake per the filing.