Form 4: Bentley Systems CFO Andre Werner Reports Stock Transactions
SEC Form 4
Chief Financial Officer of Bentley Systems, Andre Werner, reports disposition of shares to cover taxes and acquisition of shares through the employee stock purchase plan.
Summary
- On July 21, 2024, Andre Werner, the CFO of Bentley Systems, engaged in transactions involving Class B Common Stock.
- Werner disposed of 1,305 shares to cover taxes due upon the vesting of previously granted awards at a price of $48.47 per share.
- Werner also acquired shares through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period ended on June 30, 2024.
- Following these transactions, Werner beneficially owns 320,691 shares of Class B Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine stock transactions related to compensation and employee stock purchase plans.
Positives
- Werner's participation in the employee stock purchase plan demonstrates confidence in the company's future.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| December 2023 | Reporting Person's enrollment and contribution elections were made for the Bentley Systems, Incorporated Global Employee Stock Purchase Plan. |
| June 30, 2024 | End of offering period for the Bentley Systems, Incorporated Global Employee Stock Purchase Plan. |
| 07/21/2024 | Date of stock transactions: disposition of shares for tax obligations. |
| 07/23/2024 | Date of signature for the SEC Form 4 filing. |
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