Form 4: Bentley Systems Executive Reports Stock Transactions

David R. Shaman, Chief Legal Officer of Bentley Systems Inc., reported transactions involving Class B Common Stock, including the acquisition of dividend equivalent rights.

Summary

• David R. Shaman, Chief Legal Officer of Bentley Systems Inc. (BSY), reported a transaction on June 11, 2026.
• The transaction involved the acquisition of 620 shares of Class B Common Stock, valued at $0.00, which were dividend equivalent rights.
• Following this transaction, Shaman beneficially owns 630,435 shares of Class B Common Stock.
• These shares are held directly and indirectly through various trusts and plans, including Grantor Retained Annuity Trusts, a spouse trustee, and a 401(k) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it represents a routine disclosure of insider transactions related to dividend equivalent rights, with no indication of significant positive or negative developments.

Positives

• Acquisition of dividend equivalent rights, indicating a benefit from company dividends.
• Continued beneficial ownership of a significant number of Class B Common Stock shares (630,435).

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and do not inherently signal strategic shifts. The reported dividend equivalent rights acquisition is a common benefit tied to existing equity awards.

Stakeholder Impact

• Shareholders: The transaction itself is a routine disclosure and does not directly impact share price or company strategy, but it confirms executive participation in company dividend distributions.
• Employees: Indirectly, the dividend equivalent rights reflect the company's ability to distribute dividends, which can be a positive signal for employee stock option or 401(k) holders.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, Insider Trading, Stock Transaction, Class B Common Stock, Dividend Equivalent Rights, Beneficial Ownership, Chief Legal Officer