February 4, 2026 · Form 4 insider transaction
Zink Doug sold 1,220 shares of Belden Inc. at $128.57 per share, a transaction worth $156.9K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 2 days after the transaction.
This represents the difference between the number of SARs exercised (1,705) and the number of shares issued as a result of the exercise (485). 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 ($128.57) and the exercise price ($72.73). Additional shares were then withheld to satisfy the Company's tax withholding obligations.