BSY - Director At Bentley Systems Exercises Options Worth $454K | Benzinga
Disclosed in a recent SEC filing on March 25, Griswold, Director at Bentley Systems (NASDAQ:BSY), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Griswold, Director at Bentley Systems, exercised stock options for 10,000 shares of BSY stock. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The exercise price of the options was $5.74 per share.
The Tuesday morning update indicates Bentley Systems shares down by 0.0%, currently priced at $51.19. At this value, Griswold's 10,000 shares are worth $454,499.
Discovering Bentley Systems: A Closer Look
Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets. The firm delivers solutions via the cloud, desktop, and hybrid environments. While Bentley is relatively small in comparison with peers like Autodesk, it shines in core specialty areas, like bridge or rail design, as opposed to being more broad-based in its applications. As of fiscal 2022, approximately 58% of revenue is derived from outside the U.S. (with 28% of revenue coming from EMEA and 18% coming from APAC as of fiscal 2022). Bentley's largest end market is the public works and utilities sector, which represents ...