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

Bentley Systems' Chief Financial Officer, Andre Werner, acquired 132 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Andre Werner, the Chief Financial Officer of Bentley Systems, acquired 132 shares of Class B Common Stock on December 12, 2024.
• The acquisition was a result of dividend equivalent rights that accrued in connection with a dividend paid by the company on previously granted awards.
• These rights vest on the same terms as the awards to which they relate.
• Following this transaction, Werner directly owns 320,948 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns executive interests with shareholders.

Positives

• The acquisition of shares by the CFO through dividend equivalent rights could be seen as a positive sign of alignment with shareholder interests.
• The increase in share ownership by a key executive may signal confidence in the company's future performance.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of granting dividend equivalent rights to executives.

Comparison to Industry Standards

• Many publicly traded companies use dividend equivalent rights as part of their executive compensation packages.
• The practice of granting these rights is common among companies in the technology sector, including competitors such as Autodesk and Trimble.
• The number of shares acquired is relatively small compared to overall executive holdings, which is typical for dividend equivalent rights.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Beneficial Ownership, Dividend Equivalent Rights, Class B Common Stock, Bentley Systems, Andre Werner, CFO, Share Acquisition