Form 4: Bentley Systems' Chief Legal Officer, David R. Shaman, Reports Acquisition of Class B Common Stock

David R. Shaman, Chief Legal Officer of Bentley Systems, reports the acquisition of 407 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On June 13, 2024, David R. Shaman, the Chief Legal Officer of Bentley Systems, acquired 407 shares of Class B Common Stock.
• The acquisition was due to dividend equivalent rights accruing in connection with a dividend paid by the Issuer on previously granted awards.
• The price per share for the acquisition was $0.00.
• Following the transaction, Shaman directly owns 558,742 shares of Class B Common Stock.
• Shaman also indirectly owns 397,716 shares through Grantor Retained Annuity Trusts and 32,635 shares through a 401(K) Plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing is a routine disclosure of stock acquisition due to dividend equivalent rights. It doesn't necessarily indicate a strong positive or negative outlook.

Positives

• The acquisition of shares by a company officer can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates