Form 4: Bentley Systems COO James K. Lee Acquires Shares

Bentley Systems' Chief Operating Officer, James K. Lee, acquired 264 shares of Class B Common Stock through dividend equivalent rights.

Summary

• James K. Lee, Chief Operating Officer of Bentley Systems, Inc. (BSY), acquired 264 shares of Class B Common Stock.
• The transaction occurred on December 11, 2025, and was reported on December 15, 2025.
• The shares were acquired at a price of $0.00 per share.
• This acquisition represents dividend equivalent rights that accrued to Mr. Lee in connection with a dividend paid by the Issuer on previously granted awards.
• These dividend equivalent rights vest on the same terms as the underlying awards to which they relate.
• Following this transaction, Mr. Lee beneficially owns 172,456 shares of Class B Common Stock directly.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates increased insider ownership and alignment, though it's a routine non-cash transaction rather than a direct market purchase.

Positives

• The acquisition of shares, even through dividend equivalent rights, increases the Chief Operating Officer's direct ownership in the company, further aligning his interests with those of shareholders.
• The transaction is a routine part of executive compensation, indicating the ongoing value of previously granted equity awards.

Negatives

• The acquisition was not an open market purchase with personal capital, which would typically signal a stronger vote of confidence in the company's immediate stock performance.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4 filing, as it pertains solely to an insider transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction is specific to Bentley Systems and its Chief Operating Officer. It does not provide broader insights into industry trends or competitive landscape.

Comparison to Industry Standards

• Insider transactions involving dividend equivalent rights are a common component of executive compensation packages across various industries, designed to ensure executives benefit from dividends paid on their unvested equity awards, similar to other shareholders.

Stakeholder Impact

• Shareholders: Increased alignment of management's interests with shareholders due to higher insider ownership.

Key Dates

Keywords

Bentley Systems, BSY, Insider Transaction, Form 4, James K. Lee, Chief Operating Officer, Class B Common Stock, Dividend Equivalent Rights, Equity Compensation