May 13, 2025 · Form 4 insider transaction
Tate Leah sold 1,436 shares of Belden Inc. at $113.85 per share, a transaction worth $163.5K. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 1 day after the transaction.
This represents the difference between the number of SARs exercised (1,667) and the number of shares issued as a result of the exercise (231). 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 ($113.85) and the exercise price ($85.77). Additional shares were then withheld to satisfy the Company's tax withholding obligations.