Form 4: Bentley Systems CEO Gregory Bentley Reports Acquisition of Class B Common Stock

Gregory Bentley, Chairman, CEO, and President of Bentley Systems, reports acquiring 2,707 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On March 28, 2024, Gregory S. Bentley, Chairman, CEO & President, acquired 2,707 shares of Class B Common Stock of Bentley Systems Incorporated.
• The acquisition was due to dividend equivalent rights accruing in connection with a dividend paid by the Issuer on previously granted awards.
• The price per share was $0.00.
• Following the transaction, Mr. Bentley directly owns 7,576,204 shares of Class B Common Stock.
• He also indirectly owns 137,512 shares through his spouse and 92,654 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to dividend equivalent rights, not necessarily indicative of strong positive or negative sentiment.

Positives

• The acquisition of shares by the CEO could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the CEO's increased stake in the company.

Key Dates