Form 4: Bentley Systems' Chief Product Officer Acquires Additional Shares Through Dividend Equivalent Rights

Michael M. Campbell, Chief Product Officer of Bentley Systems, acquired 65 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On September 26, 2024, Michael M. Campbell, the Chief Product Officer of Bentley Systems, acquired 65 shares of Class B Common Stock.
• The acquisition was a result of dividend equivalent rights accruing to Campbell in connection with a dividend paid by Bentley Systems on previously granted awards.
• The shares were acquired at a price of $0.00.
• Following the transaction, Campbell directly owns 70,118 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to executive compensation. The acquisition of shares by an officer is generally viewed as a positive, but the impact is minimal.

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 standard practice and provide transparency into the transactions of company insiders. This particular filing reflects the acquisition of shares through dividend equivalent rights, which is a common form of compensation.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard part of executive compensation.

Key Dates