Belden (NYSE: BDC) innovation chief gets 2,526-share award, 777 withheld for tax

Rhea-AI Filing Summary

Belden Inc. EVP – Chief Innovation Officer Hiran Bhadra received a stock award tied to prior performance units and a separate restricted stock unit vesting. On March 11, 2026, Bhadra acquired 2,526 shares of common stock at no cost, representing after-tax shares from performance stock units granted on March 7, 2023, after a three-year performance period and a 1.055 conversion factor approved by the compensation committee, resulting in 4,167 shares subject to tax withholding. On the same date, 777 shares were withheld to cover taxes related to a portion of a March 7, 2023 restricted stock unit grant that vested on March 7, 2026, a non-market disposition for tax purposes. Following these transactions, Bhadra directly holds 33,481 shares of Belden common stock and indirectly holds 849.2097 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

OMB APPROVAL

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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^*

Bhadra Hiran

(Last) (First) (Middle)

C/O BELDEN INC.

1 N. BRENTWOOD BLVD., 15TH FLOOR

(Street)

SAINT 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 Innovation Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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 Holding	03/11/2026		A		2,526(1)	A	$0	34,258	D
Common Stock Holding	03/11/2026		F		777(3)	D	$0	33,481	D
Common Stock Holding								849.2097(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. On March 7, 2023, the Reporting Person received a grant of 3,949 performance stock units ("PSUs"). Following the three-year performance period, a conversion factor of 1.055 was approved by the Company's Compensation Committee and applied to the PSUs, resulting in an award of 4,167 shares, subject to tax withholding. The number in this cell reflects the after-tax number of shares delivered to the Reporting Person on March 11, 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. Shares withheld for tax purposes related to portion of March 7, 2023 restricted stock unit grant that vested on March 7, 2026. The resulting shares were delivered on March 11, 2026.

	/s/ Brian E. Anderson, attorney-in-fact for Hiran Bhadra	03/11/2026
	** Signature of Reporting Person	Date
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FAQ

What did Belden (BDC) executive Hiran Bhadra report in this Form 4?

Hiran Bhadra, EVP and Chief Innovation Officer at Belden Inc., reported receiving 2,526 shares of common stock as an after-tax stock award and 777 shares withheld for taxes. These transactions reflect equity-based compensation, not open-market buying or selling activity.

How many Belden (BDC) shares did Hiran Bhadra receive in the latest equity award?

Hiran Bhadra received 2,526 shares of Belden common stock on March 11, 2026 at no cost, reflecting after-tax delivery from vested performance stock units granted on March 7, 2023, following a three-year performance period and compensation committee approval.

Why were 777 Belden (BDC) shares withheld from Hiran Bhadra on March 11, 2026?

777 shares of Belden common stock were withheld to satisfy tax obligations related to a portion of a restricted stock unit grant from March 7, 2023 that vested on March 7, 2026. This is a tax-withholding disposition, not an open-market sale of shares.

What performance stock units underlie Hiran Bhadra’s Belden (BDC) stock award?

On March 7, 2023, Hiran Bhadra received 3,949 performance stock units. After a three-year performance period, a 1.055 conversion factor approved by the compensation committee produced an award of 4,167 shares, which were then delivered subject to tax withholding on March 11, 2026.

How many Belden (BDC) shares does Hiran Bhadra hold after these transactions?

After the reported transactions, Hiran Bhadra holds 33,481 shares of Belden common stock directly. In addition, he holds 849.2097 shares indirectly through the Belden Retirement Savings Plan, representing his 401(k) plan balance in Belden stock as of the filing date.

Are Hiran Bhadra’s Belden (BDC) transactions open-market buys or sells?

The transactions are compensation-related, not open-market trades. Bhadra received shares via equity awards at no cost and had 777 shares withheld to cover tax liabilities, a standard mechanism for satisfying taxes on vested restricted stock units.