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 557 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On March 27, 2025, David R. Shaman, the Chief Legal Officer of Bentley Systems, acquired 557 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 was $0.00.
• Following the transaction, Shaman directly owns 699,959 shares of Class B Common Stock.
• Shaman also indirectly owns 279,308 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 through dividend equivalent rights. It doesn't inherently indicate positive or negative performance.

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 insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates

Keywords

Bentley Systems, BSY, David R. Shaman, Chief Legal Officer, Class B Common Stock, Dividend Equivalent Rights, Form 4, SEC Filing