Form 4: Bentley Systems CTO Julien Moutte Reports Acquisition of 60 Class B Common Shares

Bentley Systems, Inc. Chief Technology Officer Julien Moutte has reported the acquisition of 60 shares of Class B Common Stock, representing dividend equivalent rights on previously granted awards.

Summary

• Julien Moutte, Chief Technology Officer of Bentley Systems, Inc. (BSY), acquired 60 shares of Class B Common Stock.
• The acquisition occurred on June 12, 2025, and was reported on June 16, 2025.
• These shares were acquired at a price of $0.00 per share, indicating they are dividend equivalent rights.
• The dividend equivalent rights accrued to Mr. Moutte in connection with a dividend paid by Bentley Systems on awards previously granted.
• These newly acquired shares will vest on the same terms as the awards to which they relate.
• Following this transaction, Mr. Moutte beneficially owns 68,493 shares of Class B Common Stock directly.

Sentiment

Score: 6

Explanation: The acquisition of shares by a key executive, even if through a routine grant of dividend equivalent rights, is generally a neutral to slightly positive signal as it increases insider ownership and aligns interests. It is not a direct investment decision by the insider, which would typically carry more weight.

Positives

• An executive, the Chief Technology Officer, is increasing their beneficial ownership in the company, albeit through a routine grant of dividend equivalent rights.
• The acquisition of shares at $0.00 indicates a non-cash transaction, likely part of an existing compensation or equity plan, aligning executive interests with shareholders.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual executive's equity compensation activity within Bentley Systems, Inc.

Comparison to Industry Standards

• This Form 4 filing details a routine equity compensation event (dividend equivalent rights) for an executive.
• Such grants are common practice across industries for retaining and incentivizing key personnel, aligning their interests with shareholders.
• No specific comparable companies, projects, or results are mentioned in this filing.

Related Party Transactions

• The acquisition of 60 shares of Class B Common Stock by Julien Moutte, the Chief Technology Officer, is considered a related party transaction as it involves an executive of the company.
• The shares were acquired as dividend equivalent rights on previously granted awards, a common form of equity compensation.

Stakeholder Impact

• Shareholders: The increase in beneficial ownership by a key executive, even through a routine grant, can be viewed positively as it further aligns management's interests with those of shareholders.
• Employees: This transaction is part of an equity compensation scheme, which can be a positive signal regarding employee incentives and retention strategies.

Key Dates

Keywords

Bentley Systems Inc, BSY, Form 4, Insider Transaction, Julien Moutte, Chief Technology Officer, Class B Common Stock, Dividend Equivalent Rights, Equity Compensation, Beneficial Ownership