Form 4: Bentley Systems Director Reports Share Transactions

Keith A. Bentley, a director at Bentley Systems, reported a transaction involving 99,433 Class B Common Stock shares on December 4, 2024.

Summary

• Keith A. Bentley, a director of Bentley Systems, filed a Form 4 disclosing a transaction on December 4, 2024.
• The transaction involved the acquisition of 99,433 Class B Common Stock shares at a price of $0.00.
• Following the transaction, Mr. Bentley directly owns 16,773,301 shares of Class B Common Stock.
• Mr. Bentley also indirectly owns 100,000 shares through his spouse and 92,654 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment. It simply reports a transaction.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
• The reporting requirements are consistent across all companies and are designed to ensure transparency in insider trading activities.
• Similar filings are made by directors and officers of companies like Autodesk (ADSK) and Trimble (TRMB), which are competitors of Bentley Systems in the engineering software space.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the trading activities of a company director.
• The transaction itself is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, Bentley Systems, BSY, Class B Common Stock, Director, Keith A. Bentley