March 6, 2024 · Form 4 insider transaction
Chand Ashish sold 493 shares of Belden Inc. at $87.14 per share, a transaction worth $43.0K. 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 (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.