Form 4: Bentley Systems' Chief Legal Officer Reports Stock Transactions

David R. Shaman, Chief Legal Officer of Bentley Systems, reports acquisition and disposal of Class B Common Stock related to vesting of restricted stock units and tax obligations.

Summary

• On January 31, 2025, David R. Shaman, the Chief Legal Officer of Bentley Systems, engaged in transactions involving Class B Common Stock.
• Mr. Shaman disposed of 19,060 shares at $46.55 to cover taxes due upon the vesting of previously granted awards.
• He also acquired 46,297 shares at $46.55 upon the vesting of performance-based restricted stock units.
• An additional 20,135 shares were withheld by the issuer to cover taxes upon the vesting of these restricted stock units.
• Following these transactions, Mr. Shaman directly owns 704,304 shares of Class B Common Stock.
• He also indirectly owns 269,878 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 detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

Keywords

Form 4, Beneficial Ownership, Class B Common Stock, Bentley Systems, BSY, David R. Shaman, Chief Legal Officer, Stock Transactions, Vesting, Restricted Stock Units, Tax Withholding