Form 4: Bentley Systems Executive Chair Acquires Shares Through Bonus Plan

Gregory S. Bentley, Executive Chair & President of Bentley Systems, acquired 22,818 shares of Class B Common Stock through the company's Bonus Pool Plan.

Summary

• Gregory S. Bentley, the Executive Chair & President of Bentley Systems, acquired 22,818 shares of Class B Common Stock on January 22, 2025.
• The shares were acquired at a price of $46.56 per share.
• This transaction was part of the stock portion of compensation paid through the company's Bonus Pool Plan.
• Following the transaction, Mr. Bentley directly owns 7,809,407 shares of Class B Common Stock.
• He also indirectly owns 137,512 shares through his spouse and 92,654 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed positively as it aligns management with shareholders. There are no negative implications.

Positives

• The acquisition of shares by the Executive Chair demonstrates confidence in the company's future.
• The transaction is part of a compensation plan, aligning management's interests with shareholders.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of using stock-based compensation to align executive interests with shareholder value.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded technology companies like Bentley Systems.
• Similar companies such as Autodesk and Trimble also use stock options and grants as part of their executive compensation packages.
• The acquisition of shares by executives is a standard occurrence and is often viewed positively by investors as it aligns management's interests with the company's performance.

Stakeholder Impact

• The transaction is likely to have a neutral to slightly positive impact on shareholders as it demonstrates management's confidence in the company.

Key Dates

Keywords

Bentley Systems, Gregory S. Bentley, Class B Common Stock, Bonus Pool Plan, Executive Chair, Share Acquisition, Insider Trading, Form 4