Form 4: Bentley Systems' Chief Legal Officer Reports Acquisition of Dividend Equivalent Rights
SEC Form 4 Filing
David R. Shaman, Chief Legal Officer of Bentley Systems, reports the acquisition of dividend equivalent rights related to previously granted awards.
Summary
- On March 28, 2024, David R. Shaman, the Chief Legal Officer of Bentley Systems, acquired 435 shares of Class B Common Stock at $0.00, representing dividend equivalent rights.
- Following the transaction, Shaman directly owns 514,295 shares of Class B Common Stock.
- Shaman also indirectly owns 442,606 shares through Grantor Retained Annuity Trusts and 32,635 shares through a 401(K) Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Acquisition of Class B Common Stock (dividend equivalent rights). |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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