Form 4: Bentley Systems Director Raymond Bentley Increases Stake Through Dividend Equivalent Rights

Raymond B. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), has acquired 1,442 shares of Class B Common Stock through dividend equivalent rights, increasing his total beneficial ownership.

Summary

• Raymond B. Bentley, a Director and 10% Owner of Bentley Systems, Inc. (BSY), reported the acquisition of 1,442 shares of Class B Common Stock.
• The transaction occurred on June 12, 2025, and was reported as an acquisition (A) with a price of $0.00 per share.
• The acquired shares represent dividend equivalent rights that accrued to Mr. Bentley in connection with a dividend paid by Bentley Systems on previously granted awards.
• These dividend equivalent rights vest on the same terms as the underlying awards to which they relate.
• Following this transaction, Mr. Bentley directly beneficially owns 16,347,424 shares of Class B Common Stock.
• Additionally, he indirectly beneficially owns 92,654 shares of Class B Common Stock through a 401(K) Plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates a routine increase in insider ownership through dividend equivalent rights, aligning management interests with shareholders, without any negative implications.

Positives

• The acquisition of additional shares, even through dividend equivalent rights, increases the alignment of a key insider (Director and 10% Owner) with shareholder interests.
• The transaction is a routine accrual of dividend equivalent rights, indicating the company is paying dividends on previously granted awards.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual's equity holdings within the company.

Related Party Transactions

• The acquisition of shares by Raymond B. Bentley, a Director and 10% Owner, is a related party transaction as it involves an insider of the company.

Stakeholder Impact

• Shareholders: The transaction is a routine update on insider holdings, showing a slight increase in a key insider's stake, which can be viewed positively for alignment.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

Bentley Systems, BSY, SEC Form 4, Insider Transaction, Beneficial Ownership, Director, 10% Owner, Dividend Equivalent Rights, Class B Common Stock, Equity Acquisition