Form 4: Bentley Systems COO Nicholas Cumins Reports Tax-Related Share Disposal
SEC Form 4 Filing
Nicholas Cumins, Chief Operating Officer of Bentley Systems, disposed of shares to cover tax obligations arising from vesting awards.
Summary
- On March 17, 2024, Nicholas Cumins, the Chief Operating Officer of Bentley Systems, disposed of 2,588 shares of Class B Common Stock to cover tax obligations.
- The shares were disposed of at a price of $48.79 per share.
- Following the transaction, Cumins directly owns 178,890 shares of Bentley Systems Class B Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is a common occurrence where shares are withheld to cover tax obligations upon vesting of equity awards.
Key Dates
| Date | Description |
|---|---|
| 03/17/2024 | Date of transaction: Disposal of shares to cover taxes. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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