Form 4: Bentley Systems CEO Nicholas Cumins Acquires Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
CEO Nicholas Cumins acquired 497 shares of Bentley Systems Class B Common Stock due to dividend equivalent rights.
Summary
- On March 27, 2025, Nicholas Cumins, CEO of Bentley Systems, acquired 497 shares of Class B Common Stock.
- The acquisition was due to dividend equivalent rights that accrued in connection with a dividend paid by the issuer on previously granted awards.
- These rights vest on the same terms as the awards to which they relate.
- Following the transaction, Cumins directly owns 440,169 shares of Class B Common Stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (acquisition of shares through dividend equivalent rights) by a company insider, suggesting a neutral to slightly positive sentiment as it indicates continued investment in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it reflects the CEO's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of transaction: Nicholas Cumins acquired shares of Class B Common Stock. |
| 03/31/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Nicholas Cumins, Bentley Systems, BSY, Dividend Equivalent Rights, Class B Common Stock, CEO
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