Form 4: Bentley Systems Executive Chair Acquires Shares Through Dividend Equivalent Rights
SEC Form 4 Filing
Gregory S. Bentley, Executive Chair & President of Bentley Systems, acquired 2,914 Class B Common Stock shares through dividend equivalent rights.
Summary
- Gregory S. Bentley, the Executive Chair & President of Bentley Systems, acquired 2,914 shares of Class B Common Stock on December 12, 2024.
- These shares were acquired through dividend equivalent rights, which are tied to previous awards and vest under the same terms.
- The acquisition price was $0.00 per share, as it was a result of accrued dividend rights.
- Following this transaction, Mr. Bentley directly owns 7,786,589 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 neutrally to positively. The acquisition of shares by the Executive Chair can be seen as a positive sign of confidence in the company.
Positives
- The acquisition of shares through dividend equivalent rights indicates a continued alignment of interests between the executive and shareholders.
- The increase in share ownership by the Executive Chair could be seen as a positive sign of confidence in the company's future.
Industry Context
This is a routine filing related to executive compensation and does not indicate any significant industry trends or competitive shifts.
Comparison to Industry Standards
- Executive share acquisitions through dividend equivalent rights are a common practice in publicly traded companies as part of executive compensation packages.
- The reporting of these transactions via SEC Form 4 is standard procedure for company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date of the transaction where Gregory S. Bentley acquired shares through dividend equivalent rights. |
| 12/16/2024 | Date the SEC Form 4 was signed by Michael T. Fischette, Attorney-in-Fact. |
Keywords
Bentley Systems, Gregory S. Bentley, Class B Common Stock, Dividend Equivalent Rights, Share Acquisition, Executive Chair, SEC Form 4, Beneficial Ownership
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