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 March 28, 2024, Barry J. Bentley, a director and 10% owner of Bentley Systems, acquired 4 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 12,648,225 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, and the acquisition of shares by a director is generally viewed as a positive, but it's a small amount relative to their existing holdings.

Positives

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

Industry Context

This Form 4 filing is a routine disclosure related to changes in beneficial ownership by company insiders, which is a common practice for publicly traded companies.

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