BELDEN INC. — Director's Dealing 2024

Aug 22, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2024-08-20

Reporting Person: Anderson Brian Edward (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-08-20	Common Stock	S	1663	$105	Disposed	31525	Direct
2024-08-20	Common Stock	M	6769	$52.89	Acquired	38294	Direct
2024-08-20	Common Stock	D	4939	$103.8175	Disposed	33355	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-08-20	Stock Appreciation Rights	$52.89	M	6769	Disposed	2026-02-24	Common Stock (6769)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	897.9008	Indirect

Footnotes

F1: The sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Anderson on May 9, 2024.

F2: 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.

F3: This represents the difference between the number of SARs exercised (6,769) and the number of shares issued as a result of the exercise (1,830). 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 ($103.8175) and the exercise price ($52.89). Additional shares are then withheld to satisfy the Company's tax withholding obligations.

F4: 2,257 SARs became exercisable on February 24, 2017, 2,256 SARs became exercisable on February 24, 2018 and 2,256 SARs became exercisable on February 24, 2019.