Form 4: Bentley Systems Inc. Executive Acquires Additional Shares Through Dividend Equivalent Rights

Brock Ballard, Chief Revenue Officer of Bentley Systems Inc., acquired 52 shares of Class B Common Stock through dividend equivalent rights.

Summary

• On June 13, 2024, Brock Ballard, the Chief Revenue Officer of Bentley Systems Inc., acquired 52 shares of Class B Common Stock.
• The acquisition was a result of dividend equivalent rights accruing in connection with a dividend paid by the Issuer on awards previously granted.
• The shares were acquired at a price of $0.00.
• Following the transaction, Ballard directly owns 68,985 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but the amount is small and related to dividend rights, so the impact is limited.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a key executive is increasing their stake in the company, which is generally viewed positively by investors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a key executive.

Key Dates