Form 4: Bentley Systems CFO Andre Werner Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Bentley Systems, Andre Werner, reports acquisition and disposal of Class B Common Stock.
Summary
- On March 13, 2024, Andre Werner, the CFO of Bentley Systems, reported transactions involving Class B Common Stock.
- Werner disposed of 1,627 shares to cover taxes at a price of $48.68 per share.
- He also acquired 13,280 shares through a restricted stock unit award with a value of $0.00.
- Following these transactions, Werner beneficially owns 273,104 shares of Class B Common Stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents routine stock transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 13,280 shares through a restricted stock unit award indicates confidence in the company's future performance.
Future Outlook
The restricted stock units vest over four years, with one-quarter vesting on each grant date anniversary, incentivizing long-term performance.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of stock disposal for tax obligations and restricted stock unit award. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
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