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, acquired 3,725 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On June 13, 2024, Keith A. Bentley, a director and 10% owner of Bentley Systems, acquired 3,725 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 awards previously granted.
• The price per share was $0.00.
• Following the transaction, Bentley directly owns 16,871,498 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 indicating an acquisition of shares due to dividend equivalent rights. While insider buying can be seen as positive, this is more of a technicality related to previous grants.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it increases the director's stake in the company.

Key Dates