Form 4: Bentley Systems Director Acquires Shares via Dividend Rights

Raymond B. Bentley, a Director and 10% owner of Bentley Systems, acquired 1,671 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Raymond B. Bentley, a Director and 10% owner of Bentley Systems, Inc. (BSY), acquired 1,671 shares of Class B Common Stock.
• The acquisition occurred on March 19, 2026, at a price of $0.00 per share.
• These shares represent dividend equivalent rights that accrued in connection with a dividend paid by Bentley Systems on awards previously granted.
• The acquired shares vest on the same terms as the original awards to which they relate.
• Following this transaction, Raymond B. Bentley directly owns 14,812,284 shares of Class B Common Stock.
• Indirect ownership includes 125,000 shares held by a spouse and 92,654 shares held by a 401(K) Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as it represents an increase in insider ownership, albeit through a non-discretionary mechanism tied to existing equity awards, which aligns insider interests with shareholders.

Positives

• An insider (Director and 10% Owner) increased their beneficial ownership in the company.
• The acquisition of shares through dividend equivalent rights indicates ongoing participation in company equity programs, aligning insider interests with shareholders.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly acquisitions, are often monitored by investors as a signal of management's confidence in the company's future prospects. This specific transaction, being dividend equivalent rights, is a routine part of equity compensation and reflects the mechanics of existing equity awards rather than a discretionary market purchase.

Related Party Transactions

• Raymond B. Bentley, a Director and 10% owner, acquired shares from the issuer, Bentley Systems, Inc., through dividend equivalent rights.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it further aligns the interests of a significant insider with those of other shareholders.

Key Dates

Recommendation

This Form 4 reports a routine insider acquisition of shares through dividend equivalent rights, not a discretionary open-market purchase. While it increases insider ownership, it does not signal a new strategic move or significant change in company fundamentals that would warrant a change in investment recommendation. It's a standard part of equity compensation.

Keywords

Bentley Systems, BSY, Form 4, insider transaction, stock acquisition, dividend equivalent rights, Class B Common Stock