Form 4: Bentley Systems CEO Nicholas Cumins Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Nicholas Cumins, CEO of Bentley Systems, disposed of shares to cover tax obligations arising from vesting awards.
Summary
- On March 17, 2025, Nicholas Cumins, the CEO of Bentley Systems, disposed of 2,142 shares of Class B Common Stock to cover tax obligations.
- The shares were disposed of at a price of $42.43 per share.
- Following the transaction, Cumins beneficially owns 439,672 shares of Bentley Systems.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing reporting a transaction related to tax obligations, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 03/19/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Beneficial Ownership, Nicholas Cumins, Bentley Systems, BSY, SEC Filing, Share Disposal, Tax Obligations, CEO
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