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 1,285 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On March 28, 2024, Raymond B. Bentley, a director and 10% owner of Bentley Systems, acquired 1,285 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 17,190,172 shares of Class B Common Stock and indirectly owns 92,654 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the acquisition of shares by a director is a neutral to slightly positive event.

Positives

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

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence for publicly traded companies.

Stakeholder Impact

• The acquisition of shares by a director may have a slightly positive impact on shareholder sentiment.

Key Dates