BELDEN INC.
For the period ended May 21, 2026. Filed Apr 9, 2026.
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May 21, 2026 · Filed Apr 9, 2026
Contents
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):
| 2025 ACIP | |||||
|---|---|---|---|---|---|
| Category | Threshold | Target | Maximum | Actual | Score |
| Consolidated Net Income ($) | 246 | 308 | 338 | 303 | 0.96 |
| Consolidated EBITDA ($) | 440 | 489 | 514 | 459 | 0.69 |
| Consolidated Revenues ($) | 2,449 | 2,662 | 2,875 | 2,598 | 0.85 |
| Automation Solutions EBITDA ($) | 298 | 372 | 409 | 391 | 1.52 |
| Automation Solutions Revenue ($) | 1,286 | 1,398 | 1,510 | 1,397 | 0.99 |
| Smart Building solutions EBITDA ($) | 78 | 78 | 86 | 85 | 1.47 |
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 | |||
|---|---|---|---|
| Category | Score | Weighting | Contribution toFinancial Factor |
| Consolidated Net Income | 0.96 | 40% | 0.38 |
| Consolidated EBITDA | 0.69 | 30% | 0.21 |
| Consolidated Revenue | 0.85 | 30% | 0.26 |
| Consolidated Financial Factor | 0.85 | ||
| Mr. Lieser | |||
|---|---|---|---|
| Category | Score | Weighting | Contribution toFinancial Factor |
| Automated Solutions EBITDA | 1.52 | 33% | 0.50 |
| Automated Solutions Revenues | 0.99 | 17% | 0.17 |
| Consolidated Belden Financial Factor | 0.85 | 50% | 0.43 |
| Mr. Lieser Financial Factor | 1.10 | ||
| Mr. Lieser Supplemental Financial Factor | 1.47 | ||
| 2026 Proxy Statement | 71 |
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