Form 4: Bentley Systems COO James K. Lee Reports Acquisition of Class B Common Stock

James K. Lee, Chief Operating Officer of Bentley Systems, reports the acquisition of 12,189 shares of Class B Common Stock through a restricted stock unit award.

Summary

• On March 13, 2025, James K. Lee, the Chief Operating Officer of Bentley Systems, acquired 12,189 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.
• The restricted stock units vest over four years, with one-quarter vesting on each grant date anniversary.
• Following the transaction, Lee directly owns 177,533 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by the COO suggests confidence, but it's a routine transaction.

Positives

• The acquisition of shares by a key executive signals confidence in the company's future performance.
• The vesting schedule of the restricted stock units incentivizes long-term commitment from the COO.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the restricted stock units suggests a multi-year commitment from the executive.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the ownership changes of key executives.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the technology industry to align executive incentives with shareholder value.
• Vesting schedules of four years are typical for restricted stock unit awards.
• Comparing Lee's total holdings to those of other executives in similar roles at companies like Autodesk or Trimble could provide further context.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
• Employees may view the executive's stock acquisition as a positive sign of company stability.

Key Dates