Form 4: Bentley Systems Chief Revenue Officer Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Brock Ballard, Chief Revenue Officer of Bentley Systems, reports disposing of 279 shares of Class B Common Stock to cover taxes due upon vesting of previously granted awards.
Summary
- On April 19, 2024, Brock Ballard, the Chief Revenue Officer of Bentley Systems Inc., disposed of 279 shares of Class B Common Stock.
- The transaction was executed to cover taxes due upon the vesting of previously granted awards.
- The price per share was $52.46.
- Following the transaction, Ballard directly owns 68,933 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from stock-based compensation, a common practice in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/19/2024 | Date of stock disposal transaction |
| 04/23/2024 | Date of signature for the Form 4 filing |
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