Form 4: Bentley Systems COO James K. Lee Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
James K. Lee, COO of Bentley Systems, disposed of shares to cover tax obligations arising from vesting awards.
Summary
- On May 13, 2025, James K. Lee, the Chief Operating Officer of Bentley Systems Inc., disposed of 6,080 shares of Class B Common Stock to cover taxes due upon the vesting of previously granted awards.
- The shares were disposed of at a price of $48.14 per share.
- Following the transaction, Lee directly owns 171,761 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations through stock disposal.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/13/2025 | Date of stock disposal transaction. |
| 05/15/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, Bentley Systems, BSY, James K. Lee, COO, Stock Disposal, Tax Obligations, Class B Common Stock
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