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

Bentley Systems, Inc. Chief Financial Officer Andre Werner acquired 131 shares of Class B Common Stock on June 12, 2025, through dividend equivalent rights.

Summary

• Andre Werner, Chief Financial Officer of Bentley Systems, Inc. (BSY), acquired 131 shares of Class B Common Stock.
• The transaction occurred on June 12, 2025.
• These shares were acquired at a price of $0.00 per share, indicating a non-cash transaction.
• The acquisition represents dividend equivalent rights that accrued in connection with a dividend paid by Bentley Systems on previously granted equity awards.
• These dividend equivalent rights vest on the same terms as the underlying awards to which they relate.
• Following this transaction, Mr. Werner directly beneficially owns 350,544 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The acquisition of shares by the CFO, even through dividend equivalent rights, increases insider ownership and aligns management interests with shareholders. It is a routine, positive event that reflects the ongoing operation of executive compensation plans.

Positives

• Chief Financial Officer Andre Werner's beneficial ownership increased by 131 shares, indicating continued alignment with shareholder interests.
• The acquisition of dividend equivalent rights suggests the ongoing vesting and accrual of benefits from previously granted equity awards to the CFO.

Future Outlook

This Form 4 filing reports a historical insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitive analysis within the software or infrastructure engineering sectors.

Related Party Transactions

• Acquisition of 131 shares of Class B Common Stock by Chief Financial Officer Andre Werner through dividend equivalent rights, which are tied to previously granted equity awards as part of his compensation.

Stakeholder Impact

• Shareholders: The increase in the CFO's beneficial ownership further aligns management's financial interests with those of the shareholders.

Key Dates

Keywords

Bentley Systems, BSY, SEC Form 4, Insider Transaction, Andre Werner, Chief Financial Officer, CFO, Stock Acquisition, Dividend Equivalent Rights, Equity Compensation