Form 4: Bentley Systems CFO Andre Werner Reports Stock Transactions

Chief Financial Officer of Bentley Systems, Andre Werner, reports acquisition and disposal of Class B Common Stock related to vesting of restricted stock units and tax obligations.

Summary

• On January 31, 2025, Andre Werner, the CFO of Bentley Systems, reported transactions involving Class B Common Stock.
• Werner disposed of 9,119 shares at $46.55 to cover taxes due upon vesting of previously granted awards.
• He also acquired 23,148 shares at $46.55 upon the vesting of performance-based restricted stock units.
• An additional 10,068 shares were withheld by the issuer to cover taxes upon the vesting of these units.
• Following these transactions, Werner beneficially owns 334,939 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Andre Werner, Bentley Systems, BSY, CFO, Class B Common Stock, Restricted Stock Units, Tax Withholding