Form 4: Bentley Systems Director Barry J. Bentley Acquires Dividend Equivalent Rights

Barry J. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), acquired 4 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Barry J. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), reported an acquisition of 4 shares of Class B Common Stock.
• The transaction occurred on June 12, 2025, and was an acquisition (Code A) at a price of $0.00 per share.
• These shares represent dividend equivalent rights that accrued to Mr. Bentley in connection with a dividend paid by Bentley Systems on previously granted awards.
• The newly acquired shares will vest on the same terms as the awards to which they relate.
• Following this transaction, Mr. Bentley directly beneficially owns 11,948,249 shares of Class B Common Stock.
• Additionally, Mr. Bentley indirectly beneficially owns 92,654 shares of Class B Common Stock through a 401(K) Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine insider transaction (acquisition of dividend equivalent rights) which indicates the ongoing benefits of existing equity awards. It's not a direct purchase or sale, so it doesn't signal strong conviction or divestment, but rather the normal operation of compensation plans.

Positives

• The acquisition of dividend equivalent rights indicates that previously granted awards are accruing value, aligning insider interests with shareholder returns.
• The transaction reflects the ongoing benefits of existing equity compensation plans for a key insider.

Future Outlook

The document does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction, beyond the vesting terms of the dividend equivalent rights.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the accrual of dividend equivalent rights, which is a common component of executive compensation in publicly traded companies. It does not provide broader insights into industry trends or competitive landscape.

Related Party Transactions

• The transaction involves Barry J. Bentley, a Director and 10% Owner of Bentley Systems, Inc., acquiring shares from the company, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction is a routine insider filing and does not directly impact the company's operational performance or financial health. It shows a director's equity holdings increasing slightly due to dividend equivalent rights, aligning their interests with long-term shareholder value.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, Insider Transaction, Dividend Equivalent Rights, Class B Common Stock, Barry J. Bentley, Director, 10% Owner, Equity Compensation