Form 4: Bentley Systems Chief Product Officer Sells Shares Under 10b5-1 Trading Plan

Michael M. Campbell, Chief Product Officer of Bentley Systems, sold a portion of his Class B Common Stock on September 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Michael M. Campbell, the Chief Product Officer of Bentley Systems, Incorporated, reported the sale of Class B Common Stock on September 10, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 1, 2024.
• A total of 6,450 shares were sold at a weighted average price of $47.22, with individual prices ranging from $46.46 to $47.45.
• An additional 1,331 shares were sold at a weighted average price of $47.54, with individual prices ranging from $47.46 to $47.61.
• Following these transactions, Campbell directly owns 67,747 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports stock sales under a pre-arranged plan, which is a common practice. There's no indication of positive or negative implications for the company's performance.

Positives

• The sales were executed under a pre-arranged Rule 10b5-1 trading plan, which can mitigate concerns about insider trading.

Risks

• While the sales were under a 10b5-1 plan, large insider sales can sometimes be perceived negatively by the market.

Industry Context

Sales by company executives are a normal part of corporate activity. Investors often look to the reasons behind the sale, such as diversification or planned expenses. The existence of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, depending on how the market interprets the transaction.

Key Dates