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  4. [Form 4] BELDEN INC. Insider Trading Activity

Belden (NYSE: BDC) EVP granted 2,674 shares, withholds 352 shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Belden Inc. executive Hiran Bhadra reported a mix of equity transactions. On March 2, 2026, 352 shares of common stock were disposed of at $0.00 per share to cover tax withholding tied to a restricted stock unit grant that vested on February 26, 2026. On the same date, Bhadra received a grant of 2,674 shares of common stock at $0.00 per share under Belden’s Stretch Achievement Share Award program.

That program enhanced certain performance stock units granted in 2022 and 2023 based on company performance from 2022 through 2024 and an adjusted earnings per share goal in 2025. Based on Belden’s 2025 EPS of $7.54, each prior PSU payout was supplemented by 0.54 additional shares, subject to tax withholding, resulting in the 2,674 after-tax shares delivered on March 2, 2026. Following these transactions, Bhadra directly held 31,732 shares of Belden common stock and indirectly held 742.1715 shares through the Belden Retirement Savings Plan.

Positive

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Negative

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Insider Bhadra Hiran
Role EVP - Chief Innovation Officer
Type Security Shares Price Value
Tax Withholding Common Stock Holding 352 $0.00 --
Grant/Award Common Stock Holding 2,674 $0.00 --
holding Common Stock Holding -- -- --
Holdings After Transaction: Common Stock Holding — 29,058 shares (Direct); Common Stock Holding — 742.172 shares (Indirect, By 401(k) Plan)
Footnotes (1)
  1. Shares withheld for tax purposes related to portion of February 26, 2025 restricted stock unit grant that vested on February 26, 2026. The resulting shares were delivered on March 2, 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. Pursuant to the Company's Stretch Achievement Share Award program, certain PSUs granted in 2022 and 2023 were subject to enhancement based on company performance from 2022 through 2024 (the "Prior PSUs") and the achievement of an adjusted earnings per share ("EPS") goal in 2025. Based on the Company's 2025 EPS of $7.54, for each share received in 2025 from the vesting and distribution of the Prior PSUs awardees received a supplemental distribution of 0.54 shares, subject to tax withholding. The number in this cell reflects the after-tax number of shares delivered to the Reporting Person on March 2, 2026.
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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*
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)
03/02/2026
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 03/02/2026 F 352(1) D $0 29,058 D
Common Stock Holding 03/02/2026 A 2,674(3) A $0 31,732 D
Common Stock Holding 742.1715(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 26, 2025 restricted stock unit grant that vested on February 26, 2026. The resulting shares were delivered on March 2, 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. Pursuant to the Company's Stretch Achievement Share Award program, certain PSUs granted in 2022 and 2023 were subject to enhancement based on company performance from 2022 through 2024 (the "Prior PSUs") and the achievement of an adjusted earnings per share ("EPS") goal in 2025. Based on the Company's 2025 EPS of $7.54, for each share received in 2025 from the vesting and distribution of the Prior PSUs awardees received a supplemental distribution of 0.54 shares, subject to tax withholding. The number in this cell reflects the after-tax number of shares delivered to the Reporting Person on March 2, 2026.
/s/ Brian E. Anderson, attorney-in-fact for Hiran Bhadra 03/02/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Hiran Bhadra reported both a tax-related share disposition and a share grant. 352 shares were withheld to cover taxes on vested RSUs, and 2,674 shares were granted under Belden’s Stretch Achievement Share Award program on March 2, 2026.

How many Belden (BDC) shares were granted to Hiran Bhadra in the latest award?

Hiran Bhadra received 2,674 shares of Belden common stock. These after-tax shares came from the Stretch Achievement Share Award program, which enhanced earlier performance stock units based on company results from 2022–2024 and a 2025 adjusted EPS performance goal.

Why were 352 Belden (BDC) shares disposed of in Hiran Bhadra’s Form 4?

The 352 shares were withheld for tax purposes. They relate to a February 26, 2025 restricted stock unit grant that vested on February 26, 2026, with the resulting shares delivered and partially withheld for taxes on March 2, 2026.

What performance metric triggered Belden’s Stretch Achievement Share Award payout?

The award depended on Belden’s adjusted EPS performance in 2025 and prior years. Based on a 2025 EPS of $7.54, each prior performance stock unit payout was supplemented by 0.54 additional shares, subject to tax withholding and delivered in March 2026.

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

After the reported transactions, Hiran Bhadra directly holds 31,732 shares. In addition, there are 742.1715 shares of Belden common stock held indirectly through the Belden Retirement Savings Plan as of the filing date.

What is Belden’s Stretch Achievement Share Award program mentioned in the Form 4?

The Stretch Achievement Share Award enhances prior performance stock units. Certain PSUs granted in 2022 and 2023 could be increased based on company performance from 2022–2024 and meeting an adjusted EPS goal in 2025, resulting in supplemental share distributions.