Belden (NYSE: BDC) EVP granted stock, shares withheld for taxes

Rhea-AI Filing Summary

Belden Inc. executive Brian Lieser reported routine equity compensation activity. As EVP and Chief Commercial Officer, he received a grant of 2,160 shares of common stock on March 11, 2026, delivered at no cash cost to him as part of a performance stock unit award.

A separate entry shows 1,033 shares withheld on the same date to cover tax obligations tied to a restricted stock unit vesting, which is not an open-market sale. After these transactions, he holds 35,678 shares directly and 635.9635 shares indirectly through the Belden Retirement Savings Plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Lieser Brian

Role EVP - Chief Comm. Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,160	$0.00	--
Tax Withholding	Common Stock	1,033	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 36,711 shares (Direct); Common Stock — 635.964 shares (Indirect, By 401(k) Plan)

Footnotes (1)

1. On March 7, 2023, the Reporting Person received a grant of 4,113 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 4,340 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^*

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)
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		2,160(1)	A	$0	36,711	D
Common Stock	03/11/2026		F		1,033(3)	D	$0	35,678	D
Common Stock								635.9635(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 4,113 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 4,340 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 Brian Lieser	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.
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FAQ

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

Brian Lieser reported a routine equity compensation event. He received 2,160 Belden common shares from a performance stock unit award and had 1,033 shares withheld for taxes, with no open-market buying or selling disclosed in the transactions.

How many Belden (BDC) shares did Brian Lieser acquire in this transaction?

He acquired 2,160 shares of Belden common stock as a grant. Footnotes explain this reflects the after-tax shares delivered from a performance stock unit award following a three-year performance period and an approved conversion factor by the compensation committee.

Were any of Brian Lieser’s Belden (BDC) shares sold on the open market?

No open-market sales were reported. The 1,033-share disposition is coded as tax withholding, meaning the shares were withheld to satisfy tax obligations on vested equity, rather than sold through market transactions to outside buyers.

What are Brian Lieser’s Belden (BDC) holdings after the reported transactions?

Following the reported equity grant and tax withholding, he directly owns 35,678 shares of Belden common stock. He also indirectly holds 635.9635 additional shares through the Belden Retirement Savings Plan, reflecting his retirement plan balance in company stock.

What do the performance stock unit details mean for Belden (BDC) executive compensation?

The filing notes a 2023 grant of 4,113 performance stock units, adjusted by a 1.055 conversion factor to 4,340 shares. After applying tax withholding, 2,160 shares were delivered, illustrating how Belden ties executive pay to multi-year performance outcomes.