Form 4: Bentley Systems CFO Acquires Additional Shares Through Dividend Equivalent Rights

Werner Andre, CFO of Bentley Systems, acquired 64 shares of Class B Common Stock on March 28, 2024, through dividend equivalent rights.

Summary

• On March 28, 2024, Werner Andre, the Chief Financial Officer of Bentley Systems, Incorporated, acquired 64 shares of Class B Common Stock.
• The acquisition was a result of dividend equivalent rights accruing to Andre in connection with dividends paid by the issuer on previously granted awards.
• The price per share was $0.00.
• Following the transaction, Andre directly owns 271,682 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. While insider ownership is generally positive, this specific instance is more about fulfilling existing compensation agreements.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This particular filing reflects compensation and doesn't necessarily indicate a strategic shift.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.

Key Dates