Form 4: Bentley Systems CEO Nicholas Cumins Reports Stock Transactions
SEC Form 4 Filing
Nicholas Cumins, CEO of Bentley Systems, reports acquisition and disposal of Class B Common Stock related to vesting of performance-based restricted stock units.
Summary
- On January 22, 2025, Nicholas Cumins, CEO of Bentley Systems, acquired 19,633 shares of Class B Common Stock upon the vesting of performance-based restricted stock units at a price of $46.56.
- On the same day, Cumins disposed of 8,168 shares of Class B Common Stock at $46.56 to cover taxes related to the vesting of these restricted stock units.
- Following these transactions, Cumins directly owns 387,068 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock transactions related to executive compensation.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/22/2025 | Date of stock acquisition and disposal. |
| 01/24/2025 | Date of signature by Attorney-in-Fact. |
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