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

Gregory S. Bentley, Executive Chair & President of Bentley Systems, acquired 2,798 shares of Class B Common Stock through dividend equivalent rights on September 26, 2024.

Summary

• On September 26, 2024, Gregory S. Bentley, the Executive Chair & President of Bentley Systems, Incorporated, acquired 2,798 shares of Class B Common Stock.
• The acquisition was a result of dividend equivalent rights accruing to Bentley in connection with dividends paid by the issuer on previously granted awards.
• The price per share was $0.00, and the shares were directly acquired.
• Following the transaction, Bentley directly owns 7,761,963 shares of Class B Common Stock.
• Bentley also indirectly owns 137,512 shares through his spouse and 92,654 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a key executive is generally viewed favorably, indicating confidence in the company's prospects. However, the acquisition is due to dividend equivalent rights, which is a standard process.

Positives

• The acquisition of shares by the Executive Chair demonstrates confidence in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The acquisition of shares by a key executive could positively influence shareholder confidence.

Key Dates