BENTLEY SYSTEMS INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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Item 9B. Other Information
Rule 10b5-1 Trading Plans
On November 19, 2024, Brock Ballard, the Company’s Chief Revenue Officer, adopted a trading plan established pursuant to Rule 10b5‑1 of the Exchange Act, which is intended to satisfy the affirmative defense conditions of Rule 10b5‑1(c), to sell an aggregate of 20,047 shares of our Class B common stock. Mr. Ballard’s plan expires on December 2, 2025.
On December 6, 2024, Michael M. Campbell, the Company’sformer Chief Product Officer, adopted a trading plan established pursuant to Rule 10b5‑1 of the Exchange Act, which is intended to satisfy the affirmative defense conditions of Rule 10b5‑1(c). The Company estimates that Mr. Campbell could sell up to an aggregate of 9,000 shares of its Class B common stock under the plan, though the final number of shares sold will depend upon a variety of factors, including applicable tax rates. Mr. Campbell’s plan expires on October 1, 2025.
On December 10, 2024, Gregory S. Bentley, the Company’s Executive Chair and President, adopted a trading plan established pursuant to Rule 10b5‑1 of the Exchange Act, which is intended to satisfy the affirmative defense conditions of Rule 10b5‑1(c), to sell an aggregate of 763,457 shares of our Class B common stock. Mr. Bentley’s plan expires on June 30, 2026.
On December 12, 2024, David R. Shaman, the Company’s Chief Legal Officer and Secretary, adopted a trading plan established pursuant to Rule 10b5‑1 of the Exchange Act, which is intended to satisfy the affirmative defense conditions of Rule 10b5‑1(c). The Company estimates that Mr. Shaman could sell up to an aggregate of 127,942 shares of its Class B common stock under the plan. Mr. Shaman’s plan expires on December 20, 2025.
During the three months ended December 31, 2024, there were no other Company directors or executive officers whoadopted orterminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5‑1(c) or any “non-Rule 10b5‑1 trading arrangement.”
Dividends Declared Subsequent to December 31, 2024
On February 20, 2025, our Board of Directors declared a $0.07 per share dividend for the first quarter of 2025. The cash dividend will be payable on March 27, 2025 to all stockholders of record of Class A and Class B common stock as of the close of business on March 19, 2025. The Company publicly announced the dividend declaration on February 26, 2025.
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