Form 4: Bentley Systems' Chief Revenue Officer Reports Stock Transactions
SEC Form 4 Filing
Brock Ballard, Chief Revenue Officer of Bentley Systems, reports the disposal of shares to cover taxes and acquisition of shares through the employee stock purchase plan.
Summary
- On January 2, 2025, Brock Ballard, the Chief Revenue Officer of Bentley Systems, disposed of 2,171 shares of Class B Common Stock to cover taxes at a price of $46.7 per share.
- Following the transaction, Ballard directly owns 66,048 shares of Class B Common Stock.
- These shares include those acquired through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period ended on December 31, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| December 31, 2024 | End of offering period for Bentley Systems, Incorporated Global Employee Stock Purchase Plan. |
| January 2, 2025 | Date of stock disposal by Brock Ballard. |
| January 6, 2025 | Date of signature for the Form 4 filing. |
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