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

Raymond B. Bentley, a director and 10% owner of Bentley Systems, acquired 1,328 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On September 26, 2024, Raymond B. Bentley, a director and 10% owner of Bentley Systems, acquired 1,328 shares of Class B Common Stock.
• The acquisition was due to dividend equivalent rights accruing in connection with a dividend paid by the Issuer on awards previously granted.
• The price per share was $0.00.
• Following the transaction, Bentley directly owns 16,342,832 shares of Class B Common Stock and indirectly owns 92,654 shares through a 401(K) Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to dividend equivalent rights, not necessarily indicative of strong positive or negative sentiment.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning their interests with those of other shareholders.

Key Dates