Form 4: Bentley Systems Executive Chair Gregory Bentley Acquires Shares as Part of Bonus Compensation

Gregory S. Bentley, Executive Chair & President of Bentley Systems, acquired 25,753 shares of Class B Common Stock at $49.61 per share as part of his bonus compensation.

Summary

• On October 30, 2024, Gregory S. Bentley, the Executive Chair & President of Bentley Systems, acquired 25,753 shares of Class B Common Stock.
• The acquisition was part of compensation paid under the Issuer's Bonus Pool Plan.
• The price per share was $49.61.
• Following the transaction, Bentley directly owns 7,787,716 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 slightly positive. The acquisition of shares by a key executive is generally viewed favorably, indicating confidence in the company's prospects. However, it's a routine transaction related to compensation.

Positives

• The acquisition of shares by the Executive Chair demonstrates confidence in the company.
• The bonus pool plan incentivizes executives to perform well.

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 transaction may have a minor positive impact on shareholder sentiment due to the executive's increased stake in the company.

Key Dates