Form 4: Bentley Systems Director Brian F. Hughes Reports Acquisition of Class B Common Stock

Director Brian F. Hughes acquired 3,797 shares of Bentley Systems Class B Common Stock as part of director compensation.

Summary

• On May 23, 2024, Brian F. Hughes, a director of Bentley Systems Incorporated, acquired 3,797 shares of Class B Common Stock.
• The acquisition was a result of director compensation paid upon reelection to the Board of Directors.
• The price per share was $0.00.
• Following the transaction, Hughes directly owns 29,554 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The acquisition of shares by a director is generally viewed positively, but it's part of a compensation package, so it's not a strong indicator of market sentiment.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates