Form 4: Bentley Systems Chief Accounting Officer Acquires Shares Through Dividend Equivalent Rights

Thomas F. Trimback, Chief Accounting Officer of Bentley Systems Inc., acquired 14 shares of Class B Common Stock through dividend equivalent rights on June 12, 2025.

Summary

• Thomas F. Trimback, Chief Accounting Officer of Bentley Systems Inc. (BSY), acquired 14 shares of Class B Common Stock.
• The acquisition occurred on June 12, 2025, at a price of $0.00 per share.
• These shares represent dividend equivalent rights that accrued in connection with a dividend paid by Bentley Systems on awards previously granted.
• The acquired shares will vest under the same terms as the original awards to which they relate.
• Following this transaction, Mr. Trimback directly beneficially owns 14,427 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC Form 4 filing detailing an insider's acquisition of shares through dividend equivalent rights, which is a neutral event in terms of company performance or outlook.

Positives

• The acquisition of shares by a key executive, Thomas F. Trimback, through dividend equivalent rights indicates continued participation in the company's equity.
• The increase in beneficial ownership, even if small, aligns the executive's interests with those of shareholders.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the acquisition of shares by a Chief Accounting Officer through dividend equivalent rights. Such transactions are common in publicly traded companies as part of executive compensation and benefit plans, reflecting the ongoing alignment of management's interests with shareholder value. It does not provide broader industry trends or competitive insights.

Related Party Transactions

• The acquisition of shares by Thomas F. Trimback, the Chief Accounting Officer, from Bentley Systems Inc. constitutes a related party transaction as it involves an executive and the company.

Stakeholder Impact

• Shareholders: The transaction slightly increases the Chief Accounting Officer's direct beneficial ownership, aligning his interests with shareholders, though the number of shares is small relative to total outstanding shares.

Key Dates

Keywords

Bentley Systems Inc., BSY, Thomas F. Trimback, Chief Accounting Officer, SEC Form 4, Insider Transaction, Stock Acquisition, Dividend Equivalent Rights, Equity Compensation, Class B Common Stock