Ashish Chand Form 4 — PSU conversion and tax-withholding reported for BDC
Rhea-AI Filing Summary
Insider report: President and CEO Ashish Chand sold shares through tax-withholding related to vested awards. The Form 4 shows transactions dated 08/20/2025 for Belden Inc. (BDC). Mr. Chand is identified as a director and as President and CEO. The filing discloses two dispositions totaling 35,561 shares (11,854 and 23,707) at a reported price of $124.5325 per share, delivered on August 20, 2025. The filing explains the shares were withheld for tax purposes upon vesting of restricted stock units and performance stock units (the PSUs converted at a 2.0 factor to 44,856 RSUs). The report also shows 125,301 and 149,008 shares beneficially owned following the transactions and 1,124.5395 shares held indirectly in the company 401(k) plan.
Positive
- None.
Negative
- Dispositions totaling 35,561 shares were reported (11,854 and 23,707 shares) on 08/20/2025 at $124.5325 per share, albeit described as tax-withholding upon vesting.
Insights
TL;DR: Tax-withholding dispositions from executive equity vesting; routine reporting by CEO and director.
The Form 4 reflects standard post-vesting mechanics rather than open-market selling for cash: shares were withheld to satisfy tax obligations for vested restricted stock units and converted PSUs. The notable detail is the PSU conversion factor of 2.0, which increased the number of RSUs that vested. From a governance perspective, these are administrative transactions that executives commonly report and do not, on their face, indicate a change in corporate control or a liquidity-driven sale program. Documentation is properly signed by an attorney-in-fact and dated.
TL;DR: CEO ownership remains significant after withholding; transactions are tax-related and limited in scale relative to typical outstanding shares.
The filing discloses dispositions of 35,561 shares at $124.5325, with post-transaction beneficial holdings reported at 125,301 and 149,008 shares (plus retirement plan holdings). The PSU-to-RSU conversion (2.0x) amplified vested shares to 44,856 before withholding. These entries affect reported share counts but do not provide new operational or financial information about Belden's business or prospects. Impact to investors is minimal and procedural.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 11,854 | $124.5325 | $1.48M |
| Disposition | Common Stock | 23,707 | $124.5325 | $2.95M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld for tax purposes related to portion of August 17, 2021 restricted stock unit grant that vested on August 17, 2025. The resulting shares were delivered on August 20, 2025. Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing. The Reporting Person was awarded 22,486 performance stock units (PSUs) on August 17, 2021. Following the performance period, it was determined based on the total stockholder return during the performance period that the PSUs earned a conversion factor of 2.0. Therefore, the PSUs converted to 44,856 restricted stock units (RSUs). This cell represents the number of shares withheld for tax purposes upon vesting. The resulting shares were delivered on August 20, 2025.
