Form 4: Bentley Systems Director Kirk B. Griswold Acquires Shares Through Dividend Equivalent Rights

Director Kirk B. Griswold of Bentley Systems acquired 81 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Kirk B. Griswold, a director at Bentley Systems, acquired 81 shares of Class B Common Stock on December 12, 2024.
• These shares were obtained through dividend equivalent rights, which accrued in connection with a previous dividend paid by the company.
• The shares vest on the same terms as the awards to which they relate.
• Following this transaction, Griswold directly owns 456,700 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director through dividend equivalent rights can be seen as a positive sign of alignment with shareholder interests.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the standard practice of granting dividend equivalent rights to directors.

Comparison to Industry Standards

• The use of dividend equivalent rights is a common practice among publicly traded companies to ensure that equity-based compensation maintains its value even when dividends are paid.
• Many companies, such as Autodesk and Trimble, also use similar mechanisms for their directors and employees.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's performance.

Key Dates

Keywords

Bentley Systems, Director, Kirk B. Griswold, Class B Common Stock, Dividend Equivalent Rights, Share Acquisition, SEC Form 4