Form 4: Bentley Systems CRO Acquires Additional Shares
Insider Transaction Report
Bentley Systems' Chief Revenue Officer, Brock Ballard, acquired 64 shares of Class B Common Stock through dividend equivalent rights, increasing his total beneficial ownership to 68,723 shares.
Summary
- Brock Ballard, Chief Revenue Officer of Bentley Systems, Inc. (BSY), acquired 64 shares of Class B Common Stock.
- The transaction occurred on September 30, 2025.
- These 64 shares represent dividend equivalent rights (DERs) that accrued on previously granted awards and will vest under the same terms as the underlying awards.
- Following this transaction, Ballard's total beneficial ownership of Class B Common Stock is 68,723 shares.
- The reported beneficial ownership includes shares acquired through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period that ended on June 30, 2025, with enrollment and contribution elections made in December 2024.
Sentiment
Score: 6
Explanation: The filing reports a routine insider transaction where an executive acquired shares through dividend equivalent rights and an employee stock purchase plan, slightly increasing insider ownership. This is generally viewed as a neutral to slightly positive signal, indicating continued alignment of interests.
Positives
- Chief Revenue Officer Brock Ballard increased his beneficial ownership in Bentley Systems, Inc., aligning executive interests with shareholder returns.
- The acquisition of shares through dividend equivalent rights is a standard component of executive compensation, reflecting the company's equity incentive structure.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
This routine insider transaction reflects standard executive compensation practices, including equity awards and employee stock purchase plans, common across the technology and software industry. It does not provide specific insights into broader industry trends or competitive positioning.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Increased alignment of executive interests with shareholder value through higher insider ownership.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2024-12-01 | Approximate date of enrollment and contribution elections for the Global Employee Stock Purchase Plan. |
| 2025-06-30 | End of offering period for shares acquired through the Global Employee Stock Purchase Plan. |
| 2025-09-30 | Date of transaction for the acquisition of 64 Class B Common Stock shares. |
| 2025-10-02 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Bentley Systems, BSY, Brock Ballard, Insider Trading, Form 4, Stock Acquisition, Chief Revenue Officer, Dividend Equivalent Rights, Employee Stock Purchase Plan
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