BELDEN INC. — Director's Dealing 2024

Sep 25, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2024-09-23

Reporting Person: Anderson Brian Edward (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-09-23	Common Stock	M	10448	$61.79	Acquired	43803	Direct
2024-09-23	Common Stock	D	7825	$113.465	Disposed	35978	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-09-23	Stock Appreciation Rights	$61.79	M	10448	Disposed	2029-02-28	Common Stock (10448)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	897.9008	Indirect

Footnotes

F1: The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Anderson on May 9, 2024. No sale of the resulting shares is contemplated by the trading plan.

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.

F3: This represents the difference between the number of SARs exercised (10,448) and the number of shares issued as a result of the exercise (2,623). 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 ($113.465) and the exercise price ($61.79). Additional shares were then withheld to satisfy the Company's tax withholding obligations.