Form 4: Bentley Systems Director Acquires Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Barry J. Bentley, a director and 10% owner of Bentley Systems, acquired additional Class B Common Stock through dividend equivalent rights.
Summary
- On September 26, 2024, Barry J. Bentley, a director and 10% owner of Bentley Systems, acquired 5 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 previously granted awards.
- The price per share was $0.00.
- Following the transaction, Bentley directly owns 12,298,235 shares of Class B Common Stock and indirectly owns 92,654 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing an insider transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend equivalent rights.
Key Dates
| Date | Description |
|---|---|
| 09/26/2024 | Date of transaction: Acquisition of Class B Common Stock through dividend equivalent rights. |
| 09/30/2024 | Date of signature on the SEC Form 4 filing. |
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