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

Bentley Systems, Inc.'s Chief Revenue Officer, Brock Ballard, acquired 67 shares of Class B Common Stock on June 12, 2025, through dividend equivalent rights at no cost.

Summary

• Brock Ballard, Chief Revenue Officer of Bentley Systems, Inc. (BSY), acquired 67 shares of Class B Common Stock.
• The transaction occurred on June 12, 2025.
• The shares were acquired at a price of $0.00 per share.
• These shares represent dividend equivalent rights that accrued in connection with a dividend paid by Bentley Systems on previously granted awards.
• The acquired shares will vest on the same terms as the underlying awards.
• Following this transaction, Brock Ballard beneficially owns 68,131 shares of Class B Common Stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The acquisition of shares by an insider, even through dividend equivalent rights, generally indicates alignment of interests. The transaction being part of a 10b5-1 plan suggests a pre-planned, non-discretionary event, which is neutral to slightly positive as it reduces concerns about opportunistic trading. It's not a strong positive as it's not an open market purchase.

Positives

• The acquisition of shares through dividend equivalent rights indicates the company is paying dividends, which can be a positive signal for shareholders.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, suggesting a pre-planned, non-discretionary acquisition, which can reduce concerns about opportunistic insider trading.
• The increase in beneficial ownership by a key executive (Chief Revenue Officer) aligns their interests with shareholders.

Negatives

• The acquisition of shares at $0.00 is not a direct open-market purchase, so it does not reflect a direct cash investment by the insider at market price.

Future Outlook

NA

Industry Context

This is a routine insider transaction disclosure for a software company, specifically in the infrastructure engineering software sector. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The increase in an executive's beneficial ownership aligns their interests with shareholders, potentially signaling confidence in the company's long-term performance.

Key Dates

Keywords

Bentley Systems, BSY, Brock Ballard, Chief Revenue Officer, SEC Form 4, Insider Transaction, Dividend Equivalent Rights, Class B Common Stock, Equity Compensation, Rule 10b5-1