Form 4: Bentley Systems CEO Nicholas Cumins Acquires 404 Class B Shares Through Dividend Equivalent Rights
Insider Transaction Report (Form 4)
Bentley Systems, Inc. (BSY) CEO and Director Nicholas Cumins has increased his beneficial ownership by 404 Class B Common Stock shares through dividend equivalent rights.
Summary
- Nicholas Cumins, Chief Executive Officer and Director of Bentley Systems, Inc. (BSY), acquired 404 shares of Class B Common Stock.
- The acquisition occurred on June 12, 2025, and was reported on June 16, 2025.
- These shares were acquired at a price of $0.00, representing dividend equivalent rights that accrued in connection with a dividend paid by the Issuer on previously granted awards.
- The newly acquired shares will vest on the same terms as the awards to which they relate.
- Following this transaction, Mr. Cumins beneficially owns a total of 439,402 shares of Class B Common Stock.
Sentiment
Score: 6
Explanation: Slightly positive as it indicates an increase in the CEO's beneficial ownership through routine dividend equivalent rights, aligning management interests with shareholders.
Positives
- The acquisition of shares by the Chief Executive Officer increases his beneficial ownership, further aligning management's interests with those of shareholders.
- The transaction represents a routine accrual of dividend equivalent rights, indicating a stable compensation structure for executives.
Future Outlook
The document indicates that the acquired dividend equivalent rights will vest on the same terms as the underlying awards, implying future vesting events.
Stakeholder Impact
- Shareholders: The increase in the CEO's beneficial ownership through dividend equivalent rights can be viewed positively as it further aligns management's interests with shareholder value.
Next Steps
- The acquired dividend equivalent rights will vest on the same terms as the awards to which they relate.
Key Dates
| Date | Description |
|---|---|
| 06/12/2025 | Date of transaction where Nicholas Cumins acquired 404 shares of Class B Common Stock. |
| 06/16/2025 | Date the Form 4 filing was signed and submitted to the SEC. |
Keywords
Bentley Systems, BSY, Nicholas Cumins, CEO, Director, SEC Form 4, Insider Transaction, Stock Acquisition, Dividend Equivalent Rights, Class B Common Stock
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.