Form 4: Bentley Systems CEO Nicholas Cumins Reports Stock Transactions
SEC Form 4 Filing
CEO Nicholas Cumins reports acquisition and disposal of Bentley Systems Class B Common Stock related to vesting of restricted stock units and tax obligations.
Summary
- On January 31, 2025, Nicholas Cumins, CEO of Bentley Systems, reported transactions involving Class B Common Stock.
- The transactions included the withholding of 36,145 shares to cover taxes at a price of $46.55 per share.
- Cumins also acquired 77,161 shares upon the vesting of performance-based restricted stock units at a price of $46.55 per share.
- An additional 35,733 shares were withheld to cover taxes upon the vesting of these restricted stock units at $46.55 per share.
- Following these transactions, Cumins directly owns 392,351 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, which carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's transactions related to stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of stock transactions (acquisition and disposal). |
| 02/04/2025 | Date of signature on the SEC Form 4 filing. |
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