Bentley Systems director awarded 1,050 Class B shares
Bentley Keith A. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Bentley Keith A. reported acquisition or exercise transactions in this Form 4 filing.
Bentley Systems director Keith A. Bentley received a grant of 1,050 shares of Class B Common Stock on dividend equivalent rights that accrued in connection with a company dividend. The award carried a price of $0.00 per share.
After this grant, he holds 3,844,221 Class B shares directly, plus indirect holdings of 92,654 shares through a 401(k) plan and 12,696,921 shares through Grantor Retained Annuity Trusts.
Insider Trade Summary
Grant/Award: 1,050 shares
Grant/Award
3 txns
Insider
Bentley Keith A.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 1,050 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,844,221 shares (Direct);
Class B Common Stock — 12,696,921 shares (Indirect, By Grantor Retained Annuity Trusts);
Class B Common Stock — 92,654 shares (Indirect, By 401(K) Plan)
Footnotes (1)
- F1. Represents dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid by the Issuer on awards previously granted and vest on the same terms as the awards to which they relate.
Key Figures
Dividend equivalent grant: 1,050 shares
Direct holdings after grant: 3,844,221 shares
Indirect 401(k) holdings: 92,654 shares
+1 more
4 metrics
Dividend equivalent grant
1,050 shares
Class B Common Stock award at $0.00 per share
Direct holdings after grant
3,844,221 shares
Class B Common Stock held directly by Keith A. Bentley
Indirect 401(k) holdings
92,654 shares
Class B Common Stock held via 401(k) plan
Indirect GRAT holdings
12,696,921 shares
Class B Common Stock held via Grantor Retained Annuity Trusts
Key Terms
Class B Common Stock, dividend equivalent rights, 401(K) Plan, Grantor Retained Annuity Trusts
4 terms
Class B Common Stock financial
"received a grant of 1,050 shares of Class B Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
dividend equivalent rights financial
"Represents dividend equivalent rights that accrued to the Reporting Person"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
401(K) Plan financial
"total_shares_following_transaction ... nature_of_ownership: By 401(K) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Grantor Retained Annuity Trusts financial
"nature_of_ownership: By Grantor Retained Annuity Trusts"
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BSY director Keith A. Bentley report?
Keith A. Bentley reported receiving 1,050 shares of Bentley Systems Class B Common Stock as a grant of dividend equivalent rights. These rights accrued from a company dividend on previously granted awards and vest on the same terms as the related awards.
Was Keith A. Bentley’s BSY stock transaction a market purchase or sale?
The reported transaction was not a market purchase or sale. It was a grant of 1,050 dividend equivalent rights at $0.00 per share, tied to an existing award, with no open-market buying or selling activity disclosed in this filing.
What indirect Bentley Systems (BSY) holdings does Keith A. Bentley report?
He reports 92,654 Class B shares held indirectly through a 401(k) plan and 12,696,921 Class B shares held indirectly through Grantor Retained Annuity Trusts. These indirect positions are separate from his 3,844,221 directly held shares.
What are dividend equivalent rights in the context of BSY’s Form 4?
Dividend equivalent rights are credits that mirror dividends on unvested awards, here converting into 1,050 additional Class B shares for Keith A. Bentley. They vest on the same schedule and terms as the underlying awards they are linked to.
AI-generated analysis. How Rhea-AI works. Not financial advice.
