Form 4: Bentley Systems Director Exercises Stock Options, Sells Shares to Cover Costs
SEC Form 4 Filing
Director Kirk B. Griswold exercised stock options and sold a portion of the acquired shares to cover the exercise price.
Summary
- On March 21, 2024, Kirk B. Griswold, a director of Bentley Systems Incorporated, exercised stock options to acquire 10,000 shares of Class B Common Stock at a price of $5.74 per share.
- Simultaneously, Griswold disposed of 1,106 shares to cover the exercise price, at a price of $51.94 per share.
- Following these transactions, Griswold beneficially owns 452,588 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of stock option exercise and share disposal |
| 03/25/2024 | Date of signature on the Form 4 filing |
| 05/14/2024 | Expiration date of the stock options |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.