Form 4: Bentley Systems' Chief Revenue Officer Acquires Additional Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Brock Ballard, Chief Revenue Officer of Bentley Systems, acquired 51 shares of Class B Common Stock through dividend equivalent rights.
Summary
- On March 28, 2024, Brock Ballard, the Chief Revenue Officer of Bentley Systems, acquired 51 shares of Class B Common Stock.
- The acquisition was due to dividend equivalent rights accruing from previously granted awards.
- The price per share was $0.00.
- Following the transaction, Ballard directly owns 69,212 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a transaction.
Positives
- The acquisition of shares through dividend equivalent rights indicates a continued investment in the company by a key executive.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend equivalent rights.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Brock Ballard acquired 51 shares of Class B Common Stock. |
| 04/01/2024 | Date of signature for the Form 4 filing. |
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