BELDEN INC. — Director's Dealing 2024

Mar 8, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2024-03-06

Reporting Person: Chand Ashish (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-06	Common Stock	M	537	$72.57	Acquired	83471	Direct
2024-03-06	Common Stock	D	493	$87.14	Disposed	82978	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-06	Stock Appreciation Rights	$72.57	M	537	Disposed	2024-03-04	Common Stock (537)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	977.3295	Indirect

Footnotes

F1: This represents the difference between the number of SARs exercised (537) and the number of shares issued as a result of the exercise (44). 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 ($87.14) and the exercise price ($72.57). Additional shares are then withheld to satisfy the Company's tax withholding obligations.

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: Per the terms of the grant agreement, as amended, the stock appreciation rights were to be automatically exercised on the expiration date if the fair market value exceeded the grant price. Due to incorrect settings in the administrator's systems, the awards were initially cancelled. Once this was corrected, the exercise was executed on March 6, 2024.