Form 4: Bentley Systems CEO Nicholas Cumins Acquires Additional Shares Through Dividend Equivalent Rights

Nicholas Cumins, CEO of Bentley Systems, acquired 386 shares of Class B Common Stock on September 26, 2024, through dividend equivalent rights.

Summary

• On September 26, 2024, Nicholas Cumins, the CEO of Bentley Systems, acquired 386 shares of Class B Common Stock.
• The acquisition was a result of dividend equivalent rights accruing to Cumins in connection with dividends paid by Bentley Systems on previously granted awards.
• The price per share for this acquisition was $0.00.
• Following the transaction, Cumins directly owns 381,157 shares of Class B Common Stock.
• The transaction was reported on September 30, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. It doesn't indicate any significant positive or negative development for the company.

Positives

• The acquisition of shares by the CEO through dividend equivalent rights could be seen as a positive sign, indicating confidence in the company's performance and future prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects an adjustment to the CEO's stock ownership related to dividend payments.

Key Dates