Form 4: Bentley Systems Executive Acquires Shares Through Dividend Equivalent Rights

Michael M. Campbell, Chief Product Officer at Bentley Systems, acquired 68 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Michael M. Campbell, the Chief Product Officer of Bentley Systems, acquired 68 shares of Class B Common Stock on December 12, 2024.
• These shares were acquired through dividend equivalent rights, which accrued from a previous dividend payment.
• The acquisition price was $0.00 per share, as these were not purchased but rather granted as a result of the dividend.
• Following this transaction, Mr. Campbell directly owns 70,186 shares of Bentley Systems Class B Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to positive. The acquisition of shares through dividend equivalent rights is a standard practice and does not indicate any significant positive or negative sentiment.

Positives

• The acquisition of shares through dividend equivalent rights indicates a continued alignment of executive interests with shareholder value.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of granting dividend equivalent rights to executives.

Comparison to Industry Standards

• Many publicly traded companies use dividend equivalent rights as part of their executive compensation packages.
• These rights are typically tied to the vesting schedule of underlying equity awards.
• The practice is common across various industries and is not unique to Bentley Systems.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

Bentley Systems, Michael M. Campbell, Class B Common Stock, Dividend Equivalent Rights, SEC Form 4, Insider Trading, Beneficial Ownership