Form 4: Bentley Systems COO Nicholas Cumins Reports Acquisition of Class B Common Stock

Nicholas Cumins, Chief Operating Officer of Bentley Systems, reports the acquisition of 146 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On June 13, 2024, Nicholas Cumins, the Chief Operating Officer of Bentley Systems, acquired 146 shares of Class B Common Stock.
• The acquisition was due to dividend equivalent rights that accrued in connection with a dividend paid by the Issuer on awards previously granted.
• The price per share was $0.00.
• Following the transaction, Cumins beneficially owns 177,792 shares of Class B Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing is a routine disclosure of stock acquisition through dividend equivalent rights. It doesn't indicate any major positive or negative development for the company.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates