Form 4: Bentley Systems Chief Legal Officer Reports Tax-Related Stock Disposal
SEC Form 4 Filing
David R. Shaman, Chief Legal Officer of Bentley Systems, reports the disposal of shares to cover tax obligations upon vesting of previously granted awards.
Summary
- On March 17, 2024, David R. Shaman, the Chief Legal Officer of Bentley Systems Inc. (BSY), reported a transaction involving Class B Common Stock.
- The transaction involved the disposal of 1,158 shares at a price of $48.79 per share to cover taxes due upon the vesting of previously granted awards.
- Following the transaction, Shaman directly owns 513,860 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: This is a routine regulatory filing related to tax obligations, and does not indicate any positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax-related stock disposal, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of transaction: Disposal of shares to cover taxes. |
| 03/19/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.