BSY.NASDAQBentley Systems INC

Form 4: Bentley Systems CEO Nicholas Cumins Reports Share Disposal for Tax Obligations

Sentiment:

SEC Form 4 Filing

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CEO Nicholas Cumins of Bentley Systems reports disposing of shares to cover tax obligations upon vesting of previously granted awards.

Summary

  • Nicholas Cumins, CEO of Bentley Systems, filed a Form 4 indicating a change in beneficial ownership.
  • The transaction involved the disposal of 1,171 shares of Class B Common Stock on April 19, 2025, at a price of $43.19 per share.
  • These shares were withheld by Bentley Systems to cover taxes due upon the vesting of previously granted awards.
  • Following the transaction, Cumins beneficially owns 438,998 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate governance practices. The score reflects the neutral nature of the information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock awards.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

DateDescription
04/19/2025Date of transaction: Disposal of shares to cover tax obligations.
04/22/2025Date of signature by Attorney-in-Fact.

Keywords

Form 4, Beneficial Ownership, Nicholas Cumins, Bentley Systems, BSY, SEC Filing, Tax Obligations, Share Disposal, Class B Common Stock

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