Form 4: Bentley Systems COO James K. Lee Acquires Shares Through Restricted Stock Unit Award

James K. Lee, Chief Operating Officer of Bentley Systems, acquired shares of Class B Common Stock through a time-based restricted stock unit award.

Summary

• On January 22, 2025, James K. Lee, the Chief Operating Officer of Bentley Systems, acquired 165,344 shares of Class B Common Stock.
• The acquisition was a result of a time-based restricted stock unit award granted under the company's 2020 Omnibus Incentive Plan.
• These restricted stock units vest in installments: 14% on May 13, 2025, 14% on December 15, 2025, and 18% on each of December 15, 2026, 2027, 2028, and 2029.
• Following the transaction, Lee directly owns 165,344 shares of Bentley Systems Class B Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard insider transaction related to executive compensation, which is generally viewed as a positive sign of alignment between management and shareholders.

Positives

• The acquisition of shares by a key executive like the COO can be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting schedule incentivizes the executive to remain with the company and contribute to its long-term success.

Future Outlook

The document outlines the vesting schedule for the restricted stock units, indicating a long-term incentive plan for the executive.

Industry Context

This type of stock award is common in the tech industry as a way to attract and retain top talent, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many technology companies, such as Autodesk and Trimble, use restricted stock units as part of their executive compensation packages.
• The vesting schedules are typically structured to incentivize long-term commitment, often over a period of 3-5 years, which aligns with Bentley Systems' vesting schedule.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholder sentiment, as it demonstrates the COO's confidence in the company.
• Employees may view the executive's stock ownership as a positive sign of stability and commitment.

Key Dates