Form 4: Bentley Systems' Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
David R. Shaman, Chief Legal Officer of Bentley Systems, reports a transaction involving Class B Common Stock to cover taxes upon vesting of awards.
Summary
- David R. Shaman, the Chief Legal Officer of Bentley Systems, filed a Form 4 with the SEC.
- The report details changes in beneficial ownership of Bentley Systems' Class B Common Stock.
- On April 19, 2025, 752 shares were disposed of to cover taxes due upon the vesting of previously granted awards, at a price of $43.19 per share.
- Following the transaction, Shaman directly owns 699,207 shares of Class B Common Stock.
- He also indirectly owns 279,308 shares through Grantor Retained Annuity Trusts and 32,635 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting a standard transaction for tax purposes, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/19/2025 | Date of transaction involving Class B Common Stock. |
| 04/22/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Class B Common Stock, Bentley Systems, BSY, Shaman, SEC Filing
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