Form 4: Bentley Systems COO James K. Lee Acquires Additional Shares Through Dividend Equivalent Rights

Bentley Systems, Inc. Chief Operating Officer James K. Lee increased his beneficial ownership by 220 shares of Class B Common Stock through dividend equivalent rights.

Summary

• James K. Lee, the Chief Operating Officer of Bentley Systems, Inc. (BSY), acquired 220 shares of Class B Common Stock.
• The transaction occurred on June 12, 2025, and the shares were acquired at a price of $0.00 per share.
• These shares represent dividend equivalent rights that accrued to Mr. Lee in connection with a dividend paid by Bentley Systems on previously granted awards.
• The newly acquired shares will vest on the same terms as the awards to which they relate.
• Following this transaction, Mr. Lee's total beneficial ownership of Class B Common Stock stands at 171,981 shares.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it reflects an increase in insider ownership, albeit through a routine, non-cash dividend equivalent right mechanism, which aligns executive interests with shareholders.

Positives

• The acquisition of shares by a key executive like the Chief Operating Officer increases their direct ownership and aligns their interests more closely with shareholders.
• The shares were acquired as dividend equivalent rights, indicating a benefit derived from existing equity awards.

Future Outlook

The document indicates that the acquired dividend equivalent rights will vest on the same terms as the underlying awards, implying future vesting events.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the accrual of dividend equivalent rights, which is a common component of executive compensation packages in publicly traded companies across various industries, including software and infrastructure.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value due to higher beneficial ownership.

Next Steps

• The acquired dividend equivalent rights will vest on the same terms as the awards to which they relate, indicating future vesting events.

Key Dates

Keywords

Bentley Systems, BSY, SEC Form 4, Insider Transaction, James K. Lee, Chief Operating Officer, Class B Common Stock, Dividend Equivalent Rights, Share Acquisition, Beneficial Ownership