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

Gregory Bentley, Executive Chair & President of Bentley Systems, acquired 88,296 shares of Class B Common Stock as part of his bonus compensation on July 24, 2024.

Summary

• On July 24, 2024, Gregory S. Bentley, the Executive Chair & President of Bentley Systems, Incorporated, acquired 88,296 shares of Class B Common Stock.
• The acquisition was part of the stock portion of compensation paid to Mr. Bentley under the Issuer's Bonus Pool Plan.
• The price per share was $48.51.
• Following the transaction, Mr. Bentley directly owns 7,769,658 shares of Class B Common Stock.
• Additionally, Mr. Bentley 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 a good sign, indicating confidence in the company's future. However, it's a routine transaction related to compensation.

Positives

• The acquisition of shares by the Executive Chair demonstrates his continued investment in the company's success.
• The bonus pool plan incentivizes executives to perform well, aligning their interests with those of shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Key Dates