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

Barry J. Bentley, a director and 10% owner of Bentley Systems, acquired shares of Class B Common Stock through dividend equivalent rights.

Summary

• On June 13, 2024, Barry J. Bentley, a director and 10% owner of Bentley Systems, acquired 5 shares of Class B Common Stock at a price of $0.00.
• These shares were acquired through dividend equivalent rights that accrued in connection with a dividend paid by the Issuer on awards previously granted and vest on the same terms as the awards to which they relate.
• Following the transaction, Mr. Bentley directly owns 12,448,230 shares of Class B Common Stock and indirectly owns 92,654 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects a routine transaction related to executive compensation, indicating alignment between the director and the company's performance.

Positives

• The acquisition of shares through dividend equivalent rights indicates a continued investment and alignment of interests between the director and the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of dividend equivalent rights being exercised.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine acquisition of shares by a director.

Key Dates