BELDEN INC
For the period ended May 22, 2025. Filed Apr 8, 2025.
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May 22, 2025 · Filed Apr 8, 2025
Contents
Appendix I - ACIP Calculation
Appendix I
The performance factors applicable to the NEOs, along with the respective threshold, target and actual performance levels and the respective financial factor scores, are illustrated below (numbers are shown in millions):
| 2024 ACIP H1 | |||||
|---|---|---|---|---|---|
| Category | Threshold | Target | Maximum | Actual | Score |
| Consolidated Net Income ($) | 97 | 122 | 134 | 113 | 0.83 |
| Consolidated EBITDA ($) | 180 | 200 | 210 | 184 | 0.60 |
| Consolidated Revenues ($) | 1,098 | 1,193 | 1,288 | 1,139 | 0.72 |
| 2024 ACIP H2 | |||||
|---|---|---|---|---|---|
| Category | Threshold | Target | Maximum | Actual | Score |
| Consolidated Net Income ($) | 108 | 135 | 148 | 149 | 2.00 |
| Consolidated EBITDA ($) | 195 | 217 | 228 | 227 | 1.89 |
| Consolidated Revenues ($) | 1,187 | 1,290 | 1,393 | 1,315 | 1.24 |
Performance Factor Definitions
“Net Income” is GAAP net income adjusted in a manner consistent with the Company's use of Adjusted net income in its periodic filings on Forms 10-K, 10-Q, and 8-K.
“EBITDA” is GAAP net income, adjusted in a manner consistent with the Company’s use of Adjusted EBITDA in its periodic filings on Forms 10-K, 10-Q and 8-K.
“Revenue” is GAAP revenue.
Below is a summary of the applicable performance factors and weighting percentages for each NEO and a calculation of each NEO’s applicable Financial Factor for the performance period (rounded to two decimal places):
| Dr. Chand, Messrs. Parks, Anderson, and Bhadra, Ms. Tate - 2024 | |||
|---|---|---|---|
| Category | Score | Weighting | Contribution toFinancial Factor |
| Consolidated Net Income - H1 | 0.83 | 20% | 0.17 |
| Consolidated EBITDA - H1 | 0.60 | 15% | 0.09 |
| Consolidated Revenue - H1 | 0.72 | 15% | 0.11 |
| Consolidated Net Income - H2 | 2.00 | 20% | 0.40 |
| Consolidated EBITDA - H1 | 1.89 | 15% | 0.28 |
| Consolidated Revenue - H2 | 1.24 | 15% | 0.19 |
| Full Year Financial Factor | 1.24 | ||
| 2025 Proxy Statement | 63 |
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