Belden (NYSE: BDC) CEO gets stock award, withholds shares to pay taxes

Rhea-AI Filing Summary

Belden Inc. President and CEO Ashish Chand reported equity compensation activity involving company common stock. He received 10,898 shares on March 11, 2026 as an after-tax delivery from a performance stock unit grant made on March 7, 2023, following a three-year performance period and application of a 1.055 conversion factor.

On the same date, 6,053 shares were withheld to satisfy tax obligations related to a restricted stock unit grant that vested on March 7, 2026. After these transactions, Chand holds 162,473 shares directly and 1,243.9223 shares indirectly through the Belden Retirement Savings (401(k)) Plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Chand Ashish

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,898	$0.00	--
Tax Withholding	Common Stock	6,053	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 168,526 shares (Direct); Common Stock — 1,243.922 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. On March 7, 2023, the Reporting Person received a grant of 22,435 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 23,669 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. Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing. 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.

Form 4 Insider Transactions: What Each Field Means →

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)
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	03/11/2026		A		10,898(1)	A	$0	168,526	D
Common Stock	03/11/2026		F		6,053(3)	D	$0	162,473	D
Common Stock								1,243.9223(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 22,435 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 23,669 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 Ashish Chand	03/11/2026
	** 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.

FAQ

What insider stock transactions did Belden (BDC) CEO Ashish Chand report?

Ashish Chand reported receiving 10,898 Belden common shares from vested performance stock units and a related tax withholding of 6,053 shares from a restricted stock unit grant. Both transactions reflect equity compensation mechanics rather than open-market buying or selling activity.

How many Belden (BDC) shares did the CEO receive from performance stock units?

Ashish Chand received 10,898 Belden common shares on March 11, 2026 as an after-tax delivery from a March 7, 2023 performance stock unit grant. The award followed a three-year performance period and a 1.055 conversion factor approved by the compensation committee.

Why were 6,053 Belden (BDC) shares withheld in Ashish Chand’s Form 4 filing?

The 6,053 Belden shares were withheld to cover tax obligations arising from a portion of a March 7, 2023 restricted stock unit grant that vested on March 7, 2026. The remaining resulting shares were delivered to Ashish Chand on March 11, 2026 as reported.

What are Ashish Chand’s total Belden (BDC) share holdings after these transactions?

Following the reported transactions, Ashish Chand directly holds 162,473 shares of Belden common stock. He also has an indirect holding of 1,243.9223 shares through the Belden Retirement Savings Plan, providing additional exposure via his 401(k) account balance in company stock.

Were Ashish Chand’s reported Belden (BDC) transactions open-market trades?

No, the transactions reflect equity compensation events. He received shares from vested performance stock units coded as a grant or award, and shares were withheld under code F to satisfy tax liabilities on restricted stock unit vesting, not through open-market purchases or sales.