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Belden (NYSE: BDC) VP Doug Zink sells shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Belden Inc. VP and CAO Doug Zink reported multiple stock transactions in early February 2026. He exercised stock appreciation rights covering 1,705, 1,579 and 1,734 shares at exercise prices of $72.73, $51.14 and $45.11, respectively.

In connection with these exercises, Zink reported sales and share withholdings of Belden common stock at prices including $128.57, $129.36, $126 and $133.96, with sales on February 4–6, 2026 effected under a Rule 10b5-1 trading plan adopted on August 12, 2025. Following these transactions, he directly owned 4,642 shares and indirectly held 1,161.867 shares through the Belden Retirement Savings Plan.

Positive

  • None.

Negative

  • None.
Insider Zink Doug
Role VP and CAO
Sold 1,937 shs ($256K)
Type Security Shares Price Value
Sale Common Stock 1,452 $133.96 $195K
Exercise Stock Appreciation Rights 1,579 $0.00 --
Exercise Stock Appreciation Rights 1,734 $0.00 --
Sale Common Stock 485 $126.00 $61K
Exercise Common Stock 1,579 $51.14 $81K
Disposition Common Stock 927 $129.36 $120K
Exercise Common Stock 1,734 $45.11 $78K
Disposition Common Stock 934 $129.36 $121K
Exercise Stock Appreciation Rights 1,705 $0.00 --
Exercise Common Stock 1,705 $72.73 $124K
Disposition Common Stock 1,220 $128.57 $157K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 4,642 shares (Direct); Stock Appreciation Rights — 0 shares (Direct); Common Stock — 1,161.867 shares (Indirect, By 401(k) Plan)
Footnotes (1)
  1. The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Zink on August 12, 2025. This represents the difference between the number of SARs exercised (1,705) and the number of shares issued as a result of the exercise (485). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($128.57) and the exercise price ($72.73). Additional shares were then withheld to satisfy the Company's tax withholding obligations. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Zink on August 12, 2025. This represents the difference between the number of SARs exercised (1,579) and the number of shares issued as a result of the exercise (652). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($129.36) and the exercise price ($51.14). Additional shares were then withheld to satisfy the Company's tax withholding obligations. This represents the difference between the number of SARs exercised (1,734) and the number of shares issued as a result of the exercise (800). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($129.36) and the exercise price ($45.11). Additional shares were then withheld to satisfy the Company's tax withholding obligations. 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 original grant of stock appreciation rights became exercisable in equal portions on the first three anniversaries of the grant date.
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).
X
 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*
Zink Doug
(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)
VP and CAO
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026
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 02/04/2026 M(1) 1,705 A $72.73 6,347 D
Common Stock 02/04/2026 D 1,220(2) D $128.57 5,127 D
Common Stock 02/05/2026 S(3) 485 D $126 4,642 D
Common Stock 02/05/2026 M(1) 1,579 A $51.14 6,221 D
Common Stock 02/05/2026 D 927(4) D $129.36 5,294 D
Common Stock 02/05/2026 M(1) 1,734 A $45.11 7,028 D
Common Stock 02/05/2026 D 934(5) D $129.36 6,094 D
Common Stock 02/06/2026 S(3) 1,452 D $133.96 4,642 D
Common Stock 1,161.867(6) 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
Stock Appreciation Rights $72.73 02/04/2026 M(1) 1,705 (7) 02/28/2028 Common Stock 1,705 $0 0 D
Stock Appreciation Rights $51.14 02/05/2026 M(1) 1,579 (7) 02/11/2030 Common Stock 1,579 $0 0 D
Stock Appreciation Rights $45.11 02/05/2026 M(1) 1,734 (7) 02/16/2031 Common Stock 1,734 $0 0 D
Explanation of Responses:
1. The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Zink on August 12, 2025.
2. This represents the difference between the number of SARs exercised (1,705) and the number of shares issued as a result of the exercise (485). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($128.57) and the exercise price ($72.73). Additional shares were then withheld to satisfy the Company's tax withholding obligations.
3. The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Zink on August 12, 2025.
4. This represents the difference between the number of SARs exercised (1,579) and the number of shares issued as a result of the exercise (652). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($129.36) and the exercise price ($51.14). Additional shares were then withheld to satisfy the Company's tax withholding obligations.
5. This represents the difference between the number of SARs exercised (1,734) and the number of shares issued as a result of the exercise (800). The number of shares to be issued under a SAR exercise is determined by multiplying the number of SARs being exercised by the difference between the FMV on the date of exercise ($129.36) and the exercise price ($45.11). Additional shares were then withheld to satisfy the Company's tax withholding obligations.
6. Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.
7. The original grant of stock appreciation rights became exercisable in equal portions on the first three anniversaries of the grant date.
/s/ Brian E. Anderson, attorney-in-fact for Doug Zink 02/06/2026
** 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 insider transactions did Belden (BDC) VP and CAO Doug Zink report?

Doug Zink reported exercising stock appreciation rights and related Belden share sales in early February 2026. He exercised SARs tied to 1,705, 1,579 and 1,734 shares and reported multiple sales and tax withholdings of common stock at prices above $120 per share.

Were Doug Zink’s Belden (BDC) stock sales made under a Rule 10b5-1 plan?

Yes. The filing states that both the SAR exercises and related sales were effected under a Rule 10b5-1 trading plan adopted on August 12, 2025. This plan-based approach pre-schedules trades, which can help separate them from day-to-day market decisions.

How many Belden (BDC) shares does Doug Zink hold after these transactions?

After the reported February 2026 transactions, Doug Zink directly owned 4,642 Belden common shares. He also indirectly held 1,161.867 additional shares through the Belden Retirement Savings Plan, giving him both direct and retirement-plan-based exposure to Belden stock.

What stock appreciation rights did Doug Zink exercise in Belden (BDC) shares?

Zink exercised stock appreciation rights covering 1,705, 1,579 and 1,734 Belden shares at exercise prices of $72.73, $51.14 and $45.11. The original SAR grants became exercisable in equal portions on the first three anniversaries of their respective grant dates.

What Belden (BDC) share prices are disclosed in Doug Zink’s February 2026 trades?

The Form 4 reports Belden share transactions at prices of $128.57, $126, $129.36 and $133.96 per share. These prices relate to sales and tax-withholding shares issued upon stock appreciation right exercises between February 4 and February 6, 2026.

How are Belden (BDC) shares in the Retirement Savings Plan reported for Doug Zink?

The filing notes that 1,161.867 Belden common shares are held for Doug Zink in the Belden Retirement Savings Plan. These are reported as indirectly owned, separate from his directly held shares, and represent his plan balance as of the date of the filing.