Form 4: Bentley Systems Executive Acquires Dividend Equivalent Rights

Thomas F. Trimback, Chief Accounting Officer of Bentley Systems, acquired 10 dividend equivalent rights related to previously granted awards.

Summary

• Thomas F. Trimback, the Chief Accounting Officer of Bentley Systems, Inc., acquired 10 dividend equivalent rights on December 12, 2024.
• These rights were acquired at a price of $0.00.
• The dividend equivalent rights are related to a dividend paid by the company on previously granted awards.
• These rights vest on the same terms as the awards to which they relate.
• Following this transaction, Mr. Trimback directly owns 9,549 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive compensation, which is neither positive nor negative. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Dividend equivalent rights are a common form of compensation for executives in publicly traded companies, particularly in the technology sector.
• Many companies use similar mechanisms to align executive interests with shareholder returns.
• The vesting terms tied to underlying awards are also standard practice.

Stakeholder Impact

• This transaction has a minimal impact on shareholders as it is a standard part of executive compensation.

Key Dates

Keywords

dividend equivalent rights, insider trading, beneficial ownership, Bentley Systems, executive compensation, Form 4, BSY