Form 4: Bentley Systems Chief Revenue Officer Reports Stock Transactions

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 July 21, 2024, Brock Ballard, the Chief Revenue Officer of Bentley Systems, reported a transaction involving Class B Common Stock.
• 770 shares were disposed of to cover taxes due upon the vesting of previously granted awards at a price of $48.47 per share.
• Ballard also acquired shares through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period ended on June 30, 2024.
• Following the reported transactions, Ballard beneficially owns 68,649 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to tax obligations and employee stock purchase plan participation. There are no indications of significant positive or negative developments.

Positives

• Ballard's participation in the employee stock purchase plan indicates confidence in the company's future.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and do not indicate any significant change in the company's financial health or prospects.

Key Dates