Hutkin Lynn 4

What Happened
Lynn Hutkin, Chief Financial Officer of Bel Fuse Inc. (BELFB), received a grant of 695 restricted shares of Class B common stock on March 15, 2026. The shares were issued at $0.00 (no cash paid); total upfront cash value reported = $0. This is a grant/award, not a market purchase or sale.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed two days after the grant).
• Grant: 695 restricted shares of Class B common stock granted at $0.00 per share.
• Vesting: 232 shares vest on 3/15/2027; 232 shares vest on 3/15/2028; 231 shares vest on 3/15/2029.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: (F1) number of shares held in the 401(k) plan is estimated; (F2) vesting schedule described above.
• No indication of a 10b5‑1 plan, tax withholding sale, or immediate sale of shares in this filing.

Context
Restricted share grants are a common part of executive compensation and typically vest over time to encourage retention. Because this was an award (not a purchase or sale) and the shares vest in future installments, it does not represent an immediate market buy or sell signal. The Form 4 was filed within the usual two‑business‑day reporting window.