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

Raymond B. Bentley, a director at Bentley Systems, acquired 1,396 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Raymond B. Bentley, a director at Bentley Systems, acquired 1,396 shares of Class B Common Stock on December 12, 2024.
• These shares were acquired through dividend equivalent rights, which accrued from a previous dividend payment.
• The acquisition did not involve a monetary transaction, with a price of $0.00 per share.
• Following the transaction, Mr. Bentley directly owns 16,344,228 shares of Class B Common Stock.
• He also indirectly owns 92,654 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to insider ownership. It is neither particularly positive nor negative, but indicates a normal course of business.

Positives

• The acquisition of shares through dividend equivalent rights indicates a continued alignment of interests between the director and the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the standard practice of reporting changes in beneficial ownership by company directors.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the United States.
• The reporting of dividend equivalent rights is a common practice when companies issue dividends and have equity-based compensation plans.
• The level of detail provided in this filing is consistent with SEC requirements and industry norms.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, Dividend Equivalent Rights, Class B Common Stock, Bentley Systems, Raymond B. Bentley, Director