How many Belden (BDC) shares were moved in the GRAT-related transactions?

The filing lists transactions of 18,625 shares, 13,900 shares, and 12,475 shares of Belden common stock. These are coded as “other acquisition or disposition” and are described in footnotes as distributions under a grantor retained annuity trust (GRAT) per its terms.

Belden (NYSE: BDC) director logs GRAT and family trust share moves

Filing Impact

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Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Belden Inc. director Lance C. Balk reported a series of trust-related movements of Belden common stock involving grantor retained annuity trusts and family trusts. On February 17, entries show 18,625-share and 13,900-share transactions coded as “other acquisition or disposition,” moving shares between a grantor retained annuity trust, Balk’s direct holdings, and a GRAT remainder trust for the benefit of his spouse and adult children, all at a stated price of $0.00 per share. On February 18, an additional 12,475-share transfer is reported between a grantor retained annuity trust and a GRAT remainder trust, again at $0.00 per share. A separate line reflects 2,400 shares held indirectly by an irrevocable trust for his spouse and adult children, and a footnote explains that 6,625 indirect shares are held in trust for adult children, for which Balk disclaims beneficial ownership because he has no pecuniary interest.

Insider Trade Summary

7 transactions reported

Mixed 7 txns

Insider BALK LANCE C

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	12,475	$0.00	$0.00
Other	Common Stock	12,475	$0.00	$0.00
Other	Common Stock	18,625	$0.00	$0.00
Other	Common Stock	18,625	$0.00	$0.00
Other	Common Stock	13,900	$0.00	$0.00
Other	Common Stock	13,900	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 68,356 shares (Direct); Common Stock — 0 shares (Indirect, By a grantor retained annuity trust); Common Stock — 12,475 shares (Indirect, By GRAT remainder trust for benefit of spouse and adult children); Common Stock — 2,400 shares (Indirect, By irrevocable trust for benefit of spouse and adult children)

Footnotes (3)

F1. Represents a distribution from the Reporting Person's grantor retained annuity trust (GRAT) back to the Reporting Person, per the terms of the GRAT.
F2. Includes 6,625 shares held in trust for adult children. Reporting Person disclaims beneficial ownership of these shares as the beneficiaries are his adult children outside of his household and he has no pecuniary interest.
F3. Represents a distribution from the Reporting Person's grantor retained annuity trust (GRAT) to the GRAT's beneficiaries, per the terms of the GRAT.

FAQ

What did Belden (BDC) director Lance C. Balk report on this Form 4?

Lance C. Balk reported several trust-related movements of Belden common stock coded as “other acquisition or disposition.” These transactions involve grantor retained annuity trusts and family trusts, rather than conventional market purchases or sales, and show a stated price of $0.00 per share.

Were any of Lance C. Balk’s Belden (BDC) Form 4 transactions open-market buys or sells?

The Form 4 classifies the reported entries under transaction code J, described as “other acquisition or disposition,” all at a price of $0.00 per share. Footnotes characterize them as GRAT-related distributions, not standard market purchases or sales of Belden common stock.

How are family members involved in the Belden (BDC) trusts on this Form 4?

Some shares are held by a GRAT remainder trust and an irrevocable trust for the benefit of Balk’s spouse and adult children. A footnote also states 6,625 shares are in a trust for adult children, for which he disclaims beneficial ownership due to no pecuniary interest.

What does the Belden (BDC) Form 4 say about Lance C. Balk’s direct versus indirect holdings?

The filing shows both direct and indirect ownership entries. Indirect holdings are attributed to grantor retained annuity trusts and other family trusts, while certain transactions increase direct share totals. Footnotes clarify that some indirect shares are beneficially owned by adult children, not by Balk.

Why is transaction code J used in this Belden (BDC) Form 4 filing?

Transaction code J indicates “other acquisition or disposition” rather than a standard purchase or sale. In this case, the Form 4 and footnotes explain that movements reflect distributions to and from a grantor retained annuity trust and related family trusts at a stated price of $0.00.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/19/2026 - 04:31 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

BALK LANCE C

(Last)

(First)

(Middle)

C/O BELDEN INC.

1 N. BRENTWOOD BLVD., 15TH FLOOR

(Street)

ST. LOUIS

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/17/2026		J⁽¹⁾	V	18,625	D	$0	26,375	I	By a grantor retained annuity trust
Common Stock	02/17/2026		J⁽¹⁾	V	18,625	A	$0	54,456⁽²⁾	D
Common Stock	02/17/2026		J⁽¹⁾	V	13,900	D	$0	12,475	I	By a grantor retained annuity trust
Common Stock	02/17/2026		J⁽¹⁾	V	13,900	A	$0	68,356⁽²⁾	D
Common Stock	02/18/2026		J⁽³⁾	V	12,475	D	$0	0	I	By a grantor retained annuity trust
Common Stock	02/18/2026		J⁽³⁾	V	12,475	A	$0	12,475	I	By GRAT remainder trust for benefit of spouse and adult children
Common Stock								2,400	I	By irrevocable trust for benefit of spouse and adult children

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents a distribution from the Reporting Person's grantor retained annuity trust (GRAT) back to the Reporting Person, per the terms of the GRAT.

2. Includes 6,625 shares held in trust for adult children. Reporting Person disclaims beneficial ownership of these shares as the beneficiaries are his adult children outside of his household and he has no pecuniary interest.

3. Represents a distribution from the Reporting Person's grantor retained annuity trust (GRAT) to the GRAT's beneficiaries, per the terms of the GRAT.

	/s/ Brian E. Anderson, attorney-in-fact for Lance C. Balk	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR