Form 4: Bentley Systems Director Keith A. Bentley Reports Acquisition of Class B Common Stock

Keith A. Bentley, a director and 10% owner of Bentley Systems, reports acquiring 1,236 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On September 26, 2024, Keith A. Bentley, a director and 10% owner of Bentley Systems, acquired 1,236 shares of Class B Common Stock.
• The acquisition was due to dividend equivalent rights accruing in connection with a dividend paid by the issuer on previously granted awards.
• The price per share was $0.00.
• Following the transaction, Bentley directly owns 16,872,734 shares of Class B Common Stock.
• Bentley also indirectly owns 100,000 shares through a spouse and 92,654 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to dividend equivalent rights, not a major strategic move.

Positives

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

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates