Form 4: Bentley Systems CFO Andre Werner Reports Stock Transactions Following Vesting of Restricted Stock Units

Bentley Systems' Chief Financial Officer, Andre Werner, acquired 14,258 shares of Class B Common Stock upon vesting of restricted stock units and sold 4,228 shares to cover taxes.

Summary

• Andre Werner, the Chief Financial Officer of Bentley Systems, acquired 14,258 shares of Class B Common Stock on January 22, 2025.
• These shares were acquired as a result of the vesting of performance-based restricted stock units.
• On the same day, 4,228 shares were sold to cover tax obligations related to the vesting of these restricted stock units.
• The price per share for both the acquisition and sale was $46.56.
• Following these transactions, Mr. Werner directly owns 330,978 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. The vesting of stock units is a positive sign, but the sale of shares to cover taxes is neutral. Overall, the sentiment is slightly positive.

Positives

• The vesting of restricted stock units indicates that performance targets were met, which is a positive sign for the company.
• The acquisition of shares by the CFO demonstrates confidence in the company's future performance.

Negatives

• The sale of shares to cover taxes, while a common practice, does reduce the overall holdings of the CFO.

Risks

• There are no specific risks mentioned in this document.
• The document only details stock transactions and does not provide any information about the company's overall performance or future outlook.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It does not indicate any specific trend or event in the broader industry.

Comparison to Industry Standards

• Stock transactions by executives are a common occurrence in publicly traded companies.
• The vesting of restricted stock units is a standard form of executive compensation.
• The sale of shares to cover taxes is also a typical practice.
• Comparable companies such as Autodesk and Trimble also have similar filings related to executive stock transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.
• The vesting of stock units may be seen as a positive sign by employees as it indicates the company is meeting its performance targets.

Key Dates

Keywords

Bentley Systems, Andre Werner, Class B Common Stock, Restricted Stock Units, Stock Vesting, SEC Form 4, Insider Trading, Executive Compensation