Form 4: Bentley Systems' Chief Revenue Officer Reports Stock Transactions

Brock Ballard, Chief Revenue Officer of Bentley Systems, reports acquisition and disposal of Class B Common Stock related to vesting of restricted stock units.

Summary

• On January 22, 2025, Brock Ballard, the Chief Revenue Officer of Bentley Systems, acquired 10,244 shares of Class B Common Stock at a price of $46.56 per share due to the vesting of performance-based restricted stock units.
• On the same day, Ballard disposed of 2,966 shares of Class B Common Stock at $46.56 per share to cover taxes related to the vesting of these restricted stock units.
• Following these transactions, Ballard beneficially owns 73,326 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the transactions are routine and related to executive compensation. The acquisition is a positive signal, but the tax-related disposal offsets it.

Positives

• The acquisition of shares indicates confidence in the company's performance by a key executive.

Negatives

• The disposal of shares to cover taxes, while common, slightly reduces the executive's holdings.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to gauge management's sentiment and alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates