Dawson Stephen 4

What Happened Stephen Dawson, President — Power Solutions at Bel Fuse (BELFB), disposed of 3,444 shares in an open‑market sale on March 16, 2026 at $203.21 per share for total proceeds of $699,855. He was also granted 920 restricted shares of Class B common stock on March 15, 2026 (acquired at $0.00).

Key Details

• Transactions: Award of 920 restricted shares (A) on 2026-03-15; Open‑market sale of 3,444 shares (S) on 2026-03-16.
• Sale price/total: $203.21 per share; proceeds $699,855.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Vesting for award (Footnote F2): 307 shares vest 3/15/2027; 307 shares vest 3/15/2028; 306 shares vest 3/15/2029.
• Other note (Footnote F1): The number of shares held in the 401(k) plan is estimated.
• Filing timeliness: Form filed 2026-03-17; appears timely (filed within required Form 4 window).
• No 10b5-1 plan, tax‑withholding, or option exercise was reported in this filing.

Context The award is a time‑based restricted stock grant that vests over three years and does not immediately increase liquid holdings. The open‑market sale was a straightforward disposition (not a cashless exercise). Sales by insiders can be routine (diversification, taxes, liquidity) and do not by themselves indicate company performance; this filing is factual and does not state Dawson’s motivation.