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

Raymond B. Bentley, a director and 10% owner of Bentley Systems, reports acquiring 1,332 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On June 13, 2024, Raymond B. Bentley, a director and 10% owner of Bentley Systems, acquired 1,332 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 16,941,504 shares of Class B Common Stock.
• Bentley also indirectly owns 92,654 shares of Class B Common Stock through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to dividend equivalent rights, not indicative of significant positive or negative news.

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 insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals insider confidence.

Key Dates