[Form 4] Belden Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing summary – Belden Inc. (BDC)

On 07/10/2025, President & CEO Ashish Chand purchased 219 shares of Belden Inc. common stock under the company’s 2021 Employee Stock Purchase Plan (ESPP) at an effective price of $96.62 per share. The ESPP allows employees to buy shares at 85% of the lower closing price at the start or end of the semi-annual offering period (01/01/2025–06/30/2025). Following the transaction, Chand directly owns 160,862 shares and indirectly holds 1,124.5395 shares through the Belden Retirement Savings Plan, maintaining his dual role as Director and President & CEO.

The purchase represents an incremental increase of roughly 0.14% to Chand’s direct stake and an immaterial percentage of Belden’s outstanding shares. No derivative securities were reported. Because the ESPP is a routine, broad-based plan funded via payroll deductions and because of the small share amount relative to Chand’s existing holdings, the market impact is expected to be negligible. Nevertheless, insider purchases—even modest ones—can be interpreted by some investors as a signal of executive confidence in the company’s prospects.

Positive

• CEO insider purchase can be viewed as a confidence signal, albeit small
• Transparent reporting under Section 16 with no indication of controversial 10b5-1 activity

Negative

• Immaterial size—219 shares adds only 0.14% to the CEO’s position and is unlikely to affect share supply-demand
• No new strategic information; filing offers limited insight into Belden’s operational or financial outlook

Insights

Senior Securities Analyst

TL;DR: Routine ESPP purchase; signal marginally positive but financially immaterial.

The CEO’s acquisition of 219 shares at $96.62 through the ESPP marginally increases his ownership to 160,862 shares. The transaction follows normal plan parameters and does not involve options, grants, or large open-market buys. Because the share count is de minimis (<0.2% of his stake and far below 1% of average daily volume), it is unlikely to influence valuation models or liquidity. However, consistent insider accumulation—however small—tends to support a positive governance narrative by aligning executive and shareholder interests. Overall impact is neutral to slightly positive.

Corporate Governance Specialist

TL;DR: Governance-neutral; aligns incentives but lacks materiality.

From a governance standpoint, the filing shows adherence to Belden’s ESPP and transparent Section 16 reporting. The CEO’s ongoing participation underscores alignment with employee-shareholder programs, but the dollar value (≈$21k) is immaterial relative to executive compensation and market cap. No red flags such as 10b5-1 plans or large disposals appear. Consequently, the disclosure neither strengthens nor weakens Belden’s governance profile in a material way.

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^*

Chand Ashish

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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	07/10/2025		J	V	219(1)	A	$96.62	160,862	D
Common Stock								1,124.5395(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 acquired through the Belden Inc. 2021 Employee Stock Purchase Plan (the "Plan"). The Plan is broadly available to employees of Belden Inc. and its subsidiaries. Pursuant to the terms of the Plan, the purchase price is 85% of the lesser of (i) the price at the beginning of the offering period (January 1, 2025) or (ii) the price at the end of the offering period (June 30, 2025). Employees elect their level of participation and the purchases are funded via payroll deductions through the offering period.

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.

	/s/ Brian E. Anderson, attorney-in-fact for Ashish Chand	07/11/2025
	** 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.

FAQ

How many Belden (BDC) shares did CEO Ashish Chand buy on 07/10/2025?

He purchased 219 shares of common stock through the Employee Stock Purchase Plan.

At what price were the Belden shares acquired?

The effective purchase price was $96.62 per share, reflecting the ESPP’s 15% discount.

What is Ashish Chand’s total Belden share ownership after the transaction?

He now holds 160,862 shares directly and 1,124.5395 shares indirectly via the retirement plan.

Was this transaction part of a 10b5-1 trading plan?

No. The filing does not indicate the use of a Rule 10b5-1(c) plan; the shares were bought under the ESPP.

Does the Form 4 include any derivative security activity?

No derivative securities were acquired or disposed of in this filing.

Is the transaction material to Belden’s stock price?

Given the small share count and routine ESPP mechanism, the filing is considered not materially impactful.