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

Gregory Bentley, Executive Chair & President of Bentley Systems, acquired 4,050 shares of Class B Common Stock due to dividend equivalent rights.

Summary

• On March 27, 2025, Gregory S Bentley, Executive Chair & President and a 10% owner of Bentley Systems Inc., acquired 4,050 shares of Class B Common Stock.
• The acquisition was due to dividend equivalent rights accruing from a dividend paid by the issuer on previously granted awards.
• The price per share was $0.00.
• Following the transaction, Mr. Bentley directly owns 7,758,279 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: 6

Explanation: The sentiment is neutral. It's a routine transaction related to dividend equivalent rights, indicating standard compensation practices.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's view of the company's prospects.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates

Keywords

Bentley Systems, Gregory Bentley, Class B Common Stock, Dividend Equivalent Rights, Beneficial Ownership, Form 4, SEC Filing