Form 4: Bentley Systems CEO Nicholas Cumins Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Nicholas Cumins, CEO of Bentley Systems, disposed of 5,960 shares of Class B Common Stock to cover tax obligations arising from vesting awards.
Summary
- On October 2, 2024, Nicholas Cumins, the CEO of Bentley Systems, disposed of 5,960 shares of Class B Common Stock.
- The disposal was executed to cover tax obligations related to the vesting of previously granted awards.
- The transaction price was $49.89 per share.
- Following the transaction, Cumins directly owns 375,197 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction to cover tax obligations, with no indication of positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, 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 |
|---|---|
| 10/02/2024 | Date of transaction: Disposal of Class B Common Stock. |
| 10/04/2024 | Date of signature on the Form 4 filing. |
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