Form 4: Bentley Systems CRO Sells Shares for Tax Obligations
Insider Transaction Report
Bentley Systems' Chief Revenue Officer, Brock Ballard, disposed of 609 Class B Common Stock shares at $52.20 each to cover tax liabilities from vested awards.
Summary
- Brock Ballard, Chief Revenue Officer of Bentley Systems, Inc. (BSY), reported a transaction involving Class B Common Stock.
- On October 27, 2025, 609 shares were disposed of to cover taxes due upon the vesting of previously granted awards.
- The transaction price per share was $52.20.
- Following this transaction, Brock Ballard beneficially owns 68,114 shares of Class B Common Stock directly.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary insider transaction (shares withheld for tax purposes upon vesting of awards). This type of transaction is neutral in sentiment as it reflects a standard administrative process rather than a discretionary sale or purchase based on market outlook.
Future Outlook
NA
Industry Context
This is a routine insider transaction related to equity compensation and tax obligations, which is common across all industries for executives receiving stock-based awards. It does not reflect broader industry trends or competitive positioning.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction related to executive compensation and tax obligations, not indicative of a change in company fundamentals or executive confidence.
Key Dates
| Date | Description |
|---|---|
| 10/27/2025 | Date of transaction where shares were disposed of for tax withholding. |
| 10/28/2025 | Date the Form 4 was signed and filed. |
Keywords
Bentley Systems, BSY, Brock Ballard, Chief Revenue Officer, Insider Trading, Form 4, Stock Sale, Tax Withholding, Equity Compensation
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