Form 4: Bentley Systems Director Kirk Griswold Acquires Additional Class B Shares Through Dividend Equivalents

Bentley Systems, Inc. Director Kirk B. Griswold reported the acquisition of 71 shares of Class B Common Stock through dividend equivalent rights, increasing his total beneficial ownership.

Summary

• Kirk B. Griswold, a Director at Bentley Systems, Inc. (BSY), acquired 71 shares of Class B Common Stock.
• The transaction occurred on June 12, 2025, and was reported on June 16, 2025.
• The shares were acquired at a price of $0.00 per share, representing dividend equivalent rights that accrued in connection with a dividend paid by the Issuer on previously granted awards.
• These dividend equivalent rights vest on the same terms as the underlying awards.
• Following this transaction, Mr. Griswold's beneficial ownership of Class B Common Stock stands at 461,059 shares.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates an increase in insider holdings, albeit through a non-cash, routine mechanism (dividend equivalent rights).

Positives

• The acquisition of shares, even through dividend equivalents, increases the beneficial ownership of a company director, which can be viewed as a positive signal of alignment with shareholder interests.

Stakeholder Impact

• Shareholders: May view the increase in director's beneficial ownership as a minor positive signal of continued alignment and confidence in the company.

Key Dates

Keywords

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