Form 4: Bentley Systems COO Nicholas Cumins Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Nicholas Cumins, Chief Operating Officer of Bentley Systems, reports the disposal of 1,388 shares of Class B Common Stock to cover tax obligations.
Summary
- On April 19, 2024, Nicholas Cumins, the Chief Operating Officer of Bentley Systems Inc., reported a transaction involving Class B Common Stock.
- Cumins disposed of 1,388 shares to cover taxes due upon the vesting of previously granted awards.
- The shares were disposed of at a price of $52.46 per share.
- Following the transaction, Cumins beneficially owns 177,646 shares of Bentley Systems Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine tax-related stock disposal, which is a normal part of executive compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/19/2024 | Date of stock disposal transaction. |
| 04/23/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.