Form 4: Bentley Systems CFO Andre Werner Gains 157 Shares

Bentley Systems' Chief Financial Officer, Andre Werner, reported the acquisition of 157 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Andre Werner, Chief Financial Officer of Bentley Systems, Inc. (BSY), acquired 157 shares of Class B Common Stock.
• The transaction occurred on December 11, 2025.
• These shares were acquired at a price of $0.00, representing dividend equivalent rights.
• The dividend equivalent rights accrued in connection with a dividend paid by the Issuer on previously granted awards and vest under the same terms as the awards to which they relate.
• Following this transaction, Andre Werner directly beneficially owns 351,363 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: Slightly positive as an insider's beneficial ownership increased, even if through non-cash dividend equivalents, indicating continued alignment with the company's performance.

Positives

• An insider, the CFO, increased their beneficial ownership, albeit through dividend equivalent rights, which can signal alignment with shareholder interests.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This filing reports a routine insider transaction and does not provide information related to broader industry trends or competitors.

Stakeholder Impact

• Shareholders: Minor positive signal from increased insider ownership, potentially indicating confidence in the company's long-term prospects.

Key Dates

Recommendation

This Form 4 reports a routine acquisition of shares by the CFO through dividend equivalent rights, not a direct purchase or sale. While it slightly increases insider ownership, it does not provide new fundamental information to alter an investment thesis. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell.

Keywords

Bentley Systems, BSY, Andre Werner, CFO, Insider Transaction, Form 4, Dividend Equivalent Rights, Class B Common Stock, Beneficial Ownership