BELDEN INC. — Director's Dealing 2024

Nov 5, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2024-11-04

Reporting Person: Zink Doug (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-11-04	Common Stock	M	947	$89.23	Acquired	10590	Direct
2024-11-04	Common Stock	D	796	$115.64	Disposed	9794	Direct
2024-11-04	Common Stock	M	1210	$74.91	Acquired	11004	Direct
2024-11-04	Common Stock	D	911	$115.64	Disposed	10093	Direct
2024-11-04	Common Stock	M	2675	$61.79	Acquired	12768	Direct
2024-11-04	Common Stock	D	1801	$115.64	Disposed	10967	Direct
2024-11-05	Common Stock	S	1324	$117.488	Disposed	9643	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-11-04	Stock Appreciation Rights	$74.91	M	1210	Disposed	2027-02-22	Common Stock (1210)	Direct
2024-11-04	Stock Appreciation Rights	$61.79	M	2675	Disposed	2029-02-28	Common Stock (2675)	Direct
2024-11-04	Stock Appreciation Rights	$89.23	M	947	Disposed	2025-02-25	Common Stock (947)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	999.1079	Indirect

Footnotes

F1: Represents the balance of shares of Belden Inc. common stock held in the Belden Retirement Savings Plan as of the date of this filing.

F2: This represents the difference between the number of SARs exercised (947) and the number of shares issued as a result of the exercise (151). 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 ($115.64) and the exercise price ($89.23). Additional shares were then withheld to satisfy the Company's tax withholding obligations.

F3: This represents the difference between the number of SARs exercised (1,210) and the number of shares issued as a result of the exercise (299). 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 ($115.64) and the exercise price ($74.91). Additional shares were then withheld to satisfy the Company's tax withholding obligations.

F4: This represents the difference between the number of SARs exercised (2,675) and the number of shares issued as a result of the exercise (874). 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 ($115.64) and the exercise price ($61.79). Additional shares were then withheld to satisfy the Company's tax withholding obligations.

F5: The original grant of stock appreciation rights became exercisable in equal portions on the first three anniversaries of the grant date.