Form 4: Bentley Systems Director Acquires Shares Through Dividend Equivalent Rights

Keith A. Bentley, a director at Bentley Systems, acquired 1,300 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Keith A. Bentley, a director of Bentley Systems, acquired 1,300 shares of Class B Common Stock on December 12, 2024.
• The acquisition was through dividend equivalent rights, which accrued from a previous dividend payment.
• These rights vest on the same terms as the awards they relate to.
• Following the transaction, Mr. Bentley directly owns 16,774,601 shares of Class B Common Stock.
• He also indirectly owns 100,000 shares through his spouse and 92,654 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company, which is generally seen as a sign of confidence. However, it's a routine transaction and not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Similar filings are common across all publicly listed companies when directors or officers acquire or dispose of company stock.
• The use of dividend equivalent rights is a standard practice for compensating executives and aligning their interests with shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals director confidence.

Key Dates

Keywords

Bentley Systems, Director, Share Acquisition, Dividend Equivalent Rights, Class B Common Stock, Beneficial Ownership, SEC Form 4