Belden (BDC) EVP logs 2,848-share award and tax withholding move

Rhea-AI Filing Summary

Belden Inc. executive Brian Lieser reported routine equity compensation and related tax withholding transactions. He acquired 2,848 shares of common stock on March 2, 2026 as a grant/award tied to the company’s Stretch Achievement Share Award program, reflecting after-tax shares delivered based on prior performance share units and a 2025 EPS of $7.54.

On the same date, 449 shares were disposed of to cover tax withholding on a restricted stock unit grant that vested on February 26, 2026. Following these transactions, he directly holds 34,551 common shares and indirectly holds 528.3935 shares through the Belden Retirement Savings Plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lieser Brian

(Last) (First) (Middle)

C/O BELDEN INC.

1 N. BRENTWOOD BLVD., 15TH FLOOR

(Street)

ST. LOUIS MO 63105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BELDEN INC. [ BDC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Chief Comm. Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		F		449(1)	D	$0	31,703	D
Common Stock	03/02/2026		A		2,848(3)	A	$0	34,551	D
Common Stock								528.3935(2)	I	By 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.

3. 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.

	/s/ Brian E. Anderson, attorney-in-fact for Brian Lieser	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Belden (BDC) executive Brian Lieser report?

Brian Lieser reported an equity award and related tax withholding. He received 2,848 Belden common shares as an after-tax grant and had 449 shares withheld to cover taxes from a restricted stock unit vesting, all recorded on March 2, 2026.

Was the Belden (BDC) Form 4 a stock purchase or sale by the executive?

The Form 4 reflects an award and tax withholding, not open-market trades. Lieser acquired 2,848 shares via a grant and 449 shares were disposed of solely to satisfy tax obligations related to a prior restricted stock unit vesting.

How many Belden (BDC) shares does Brian Lieser hold after these transactions?

After the reported transactions, Lieser’s Belden holdings increased. He directly owns 34,551 shares of common stock and indirectly holds 528.3935 shares through the Belden Retirement Savings Plan, as of the date of the filing.

What is the Belden (BDC) Stretch Achievement Share Award noted in the Form 4?

The Stretch Achievement Share Award enhances prior performance share units. Certain 2022 and 2023 PSUs were boosted based on 2022–2024 performance and a 2025 EPS goal, resulting in supplemental 0.54 shares per vested unit and delivering 2,848 after-tax shares to Lieser.

Why were 449 Belden (BDC) shares disposed of in Brian Lieser’s Form 4?

The 449 shares were withheld to cover tax obligations. They relate to a portion of a February 26, 2025 restricted stock unit grant that vested on February 26, 2026, with the resulting net shares delivered to Lieser on March 2, 2026.

What 2025 earnings figure is referenced in the Belden (BDC) Form 4 footnotes?

The footnotes reference Belden’s 2025 earnings per share. The Stretch Achievement Share Award calculation used a 2025 EPS of $7.54, which determined the 0.54 supplemental shares per prior performance share unit that contributed to Lieser’s 2,848-share after-tax award.