Belden EVP uses shares to cover RSU taxes

Belden Inc. executive Brian Lieser reported a tax-withholding disposition of company stock tied to restricted stock units that recently vested.

Rhea-AI Filing Summary

Belden Inc. executive Brian Lieser reported a tax-withholding disposition of company stock tied to restricted stock units that recently vested. On February 25, 2026, 587 shares of common stock were withheld to cover taxes for a portion of a February 21, 2024 RSU grant that vested on February 21, 2026. After this withholding, Lieser held 28,511 Belden shares directly, and 521.8845 additional shares were held indirectly through the Belden Retirement Savings Plan. The filing reflects administrative tax settlement for equity compensation rather than an open-market stock sale.

Insider Trade Summary

Exercise Price or Tax Liability: 587 shares

Exercise Price or Tax Liability 2 txns

Insider Lieser Brian

Role EVP - Chief Comm. Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	587	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 28,511 shares (Direct); Common Stock — 521.8845 shares (Indirect, By 401(k) Plan)

Footnotes (2)

1. F1. Shares withheld for tax purposes related to portion of February 21, 2024 restricted stock unit grant that vested on February 21, 2026. The resulting shares were delivered on February 25, 2026.
2. F2. Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Belden (BDC) executive Brian Lieser report in this Form 4?

Brian Lieser reported a tax-withholding disposition of Belden common stock. 587 shares were withheld to satisfy taxes on vested restricted stock units, with the resulting shares delivered on February 25, 2026, reflecting routine equity compensation administration rather than a discretionary open-market transaction.

How many Belden shares were used to cover taxes for Brian Lieser?

The filing shows 587 Belden common shares were withheld for taxes. These shares related to a portion of a February 21, 2024 restricted stock unit grant that vested on February 21, 2026, and were delivered on February 25, 2026 as part of the tax settlement process.

How many Belden shares does Brian Lieser hold directly after this transaction?

After the tax-withholding disposition, Brian Lieser directly held 28,511 Belden common shares. This figure reflects his direct ownership following the 587-share withholding for taxes tied to the vesting of previously granted restricted stock units under the company’s equity compensation program.

Does the Form 4 show any indirect Belden share holdings for Brian Lieser?

Yes, the Form 4 reports 521.8845 Belden shares held indirectly. These shares are owned through the Belden Retirement Savings Plan, representing his balance of company stock in the 401(k) plan as of the filing date, separate from his directly held shares.

Was Brian Lieser’s Belden stock transaction an open-market sale?

No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 587 shares from vested restricted stock units were withheld to cover tax obligations, consistent with transaction code F indicating payment of tax liability by delivering securities.

What equity award triggered the tax-withholding in Brian Lieser’s Belden filing?

The tax-withholding related to a restricted stock unit grant dated February 21, 2024. A portion of this RSU grant vested on February 21, 2026, and shares were withheld and delivered on February 25, 2026 to satisfy associated tax obligations under the company’s compensation arrangements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/25/2026 - 05:24 PM Learn about SEC filing dates

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^*

Lieser Brian

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - Chief Comm. Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		F		587(1)	D	$0	28,511	D
Common Stock								521.8845(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 withheld for tax purposes related to portion of February 21, 2024 restricted stock unit grant that vested on February 21, 2026. The resulting shares were delivered on February 25, 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.

	/s/ Brian E. Anderson, attorney-in-fact for Brian Lieser	02/25/2026
	** 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.
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