BELDEN INC. — Director's Dealing 2025

Jul 15, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELDEN INC. (BDC)
CIK: 0000913142
Period of Report: 2025-07-11

Reporting Person: Anderson Brian Edward (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-11	Common Stock	M	7257	$72.73	Acquired	50736	Direct
2025-07-11	Common Stock	D	5601	$123.05	Disposed	45135	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-11	Stock Appreciation Rights	$72.73	M	7257	Disposed	2028-02-28	Common Stock (7257)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1046.51	Indirect

Footnotes

F1: The exercise reported was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Anderson on February 24, 2025. 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 (7,257) and the number of shares issued as a result of the exercise (1,656). 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 ($123.05) and the exercise price ($72.73). Additional shares were then withheld to satisfy the Company's tax withholding obligations.