Form 4: Bentley Systems' Chief Revenue Officer, Brock Ballard, Reports Acquisition of Class B Common Stock

Brock Ballard, Chief Revenue Officer of Bentley Systems, reports acquiring 53 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On September 26, 2024, Brock Ballard, the Chief Revenue Officer of Bentley Systems, acquired 53 shares of Class B Common Stock.
• The acquisition was due to dividend equivalent rights accruing from a dividend paid by the issuer on previously granted awards.
• The shares were acquired at a price of $0.00.
• Following the transaction, Ballard directly owns 68,702 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing is a routine disclosure of stock acquisition through dividend equivalent rights. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of shares by a key executive could be seen as a positive signal, 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, allowing investors to track executive sentiment and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates