Form 4: Bentley Systems Executive Chair Acquires Shares Through Stock Grant

Gregory S. Bentley, Executive Chair & President of Bentley Systems, acquired 4,041 shares of Class B Common Stock through a grant.

Summary

• Gregory S. Bentley, the Executive Chair & President of Bentley Systems, acquired 4,041 shares of Class B Common Stock on December 3, 2024.
• The shares were acquired through a grant, with a price of $0.00 per share.
• Following this transaction, Mr. Bentley directly owns 7,783,675 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 insider transaction, which is generally neutral to positive. The acquisition of shares by a top executive can be seen as a sign of confidence in the company.

Positives

• The acquisition of shares 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 insider transactions and is common for publicly traded companies. It reflects the compensation structure and ownership changes within the company.

Comparison to Industry Standards

• Stock grants are a common form of compensation for executives in publicly traded companies, particularly in the technology sector.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement.
• Comparable companies in the software and technology space also regularly report similar insider transactions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates confidence from a key executive.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Bentley Systems, Gregory S. Bentley, Class B Common Stock, Stock Grant, Beneficial Ownership, SEC Form 4, Insider Trading