Bentley Systems director granted 2,076 Class B shares
Bentley Systems Inc. director and major shareholder Raymond B. Bentley reported an acquisition of Class B Common Stock tied to existing equity awards.
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Form Type
4
Rhea-AI Filing Summary
Bentley Systems Inc. director and major shareholder Raymond B. Bentley reported an acquisition of Class B Common Stock tied to existing equity awards. He received 2,076 Class B shares at a price of $0.00 per share as dividend equivalent rights, which vest on the same terms as the underlying awards. Following this grant, he directly holds 14,814,360 Class B shares, with additional indirect holdings of 92,654 shares through a 401(k) plan and 125,000 shares held by his spouse.
Insider Trade Summary
Grant/Award: 2,076 shares
Grant/Award
3 txns
Insider
Bentley Raymond B.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 2,076 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 14,814,360 shares (Direct);
Class B Common Stock — 125,000 shares (Indirect, By Spouse);
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
Shares granted: 2,076 shares
Direct holdings after grant: 14,814,360 shares
401(k) indirect holdings: 92,654 shares
+2 more
5 metrics
Shares granted
2,076 shares
Class B Common Stock grant at $0.00 per share
Direct holdings after grant
14,814,360 shares
Class B Common Stock held directly after transaction
401(k) indirect holdings
92,654 shares
Class B Common Stock held indirectly via 401(k) plan
Spousal indirect holdings
125,000 shares
Class B Common Stock held indirectly by spouse
Grant price
$0.00 per share
Dividend equivalent rights credited on prior awards
Key Terms
Class B Common Stock, dividend equivalent rights, 401(K) Plan, Grant, award, or other acquisition
4 terms
Class B Common Stock financial
"He received 2,076 Class B shares at a price of $0.00 per share"
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
"indirect holdings of 92,654 shares through a 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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Raymond B. Bentley report in this Form 4 for BSY?
Raymond B. Bentley reported receiving 2,076 shares of Bentley Systems Class B Common Stock as dividend equivalent rights. These shares were granted at no cost and relate to prior equity awards, vesting on the same schedule as those underlying awards.
What are dividend equivalent rights mentioned in the BSY Form 4?
Dividend equivalent rights are additional share units credited when a dividend is paid on existing equity awards. In this case, 2,076 rights accrued to Raymond B. Bentley and convert into Class B shares that vest under the same terms as the original awards.
What are Raymond B. Bentley’s Bentley Systems (BSY) holdings after this transaction?
After the transaction, he directly holds 14,814,360 Class B shares. He also has indirect holdings of 92,654 shares through a 401(k) plan and 125,000 shares held by his spouse, reflecting a substantial overall ownership position in Bentley Systems.
Is the BSY Form 4 transaction an open-market buy or sale?
No, this Form 4 reports a compensation-related acquisition, not an open-market trade. The 2,076 Class B shares were granted as dividend equivalent rights at $0.00 per share, tied to previously granted awards rather than a market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
