Form 4: Bentley Systems CFO Andre Werner Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Chief Financial Officer of Bentley Systems, Andre Werner, reports the disposal of 1,486 Class B Common Stock shares to cover tax obligations arising from vesting awards.
Summary
- On March 17, 2024, Andre Werner, the Chief Financial Officer of Bentley Systems, Inc., reported a transaction involving Class B Common Stock.
- Werner disposed of 1,486 shares to cover taxes due upon the vesting of previously granted awards.
- The transaction was executed at a price of $48.79 per share.
- Following the transaction, Werner directly owns 271,618 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of transaction: disposal of shares to cover taxes. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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