Form 4: Bentley Systems' Chief Revenue Officer, Brock Ballard, Reports Stock Transaction
SEC Form 4 Filing
Brock Ballard, Chief Revenue Officer of Bentley Systems, reports disposition of shares to cover tax obligations.
Summary
- On March 17, 2024, Brock Ballard, the Chief Revenue Officer of Bentley Systems, Inc., disposed of 294 shares of Class B Common Stock to cover tax obligations.
- The transaction was executed at a price of $48.79 per share.
- Following the transaction, Ballard directly owns 69,161 shares of Bentley Systems' Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations upon vesting of stock awards, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of stock transaction (disposal of shares). |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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