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

Brock Ballard, Chief Revenue Officer of Bentley Systems, acquired 82 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On March 27, 2025, Brock Ballard, the Chief Revenue Officer of Bentley Systems, acquired 82 shares of Class B Common Stock.
• The acquisition was due to dividend equivalent rights that accrued in connection with a dividend paid by the Issuer on awards previously granted.
• These rights vest on the same terms as the awards to which they relate.
• Following the transaction, Ballard directly owns 80,704 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it shows continued investment by the executive.

Positives

• The acquisition of shares through dividend equivalent rights indicates a continued investment and alignment of interests between the executive and the company's performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with company performance.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment with company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Brock Ballard, Bentley Systems, BSY, Chief Revenue Officer, Dividend Equivalent Rights, Class B Common Stock