[SCHEDULE 13G/A] Bentley Systems, Incorporated SEC Filing
Joseph P. Logan reports beneficial ownership of 13,335,473 shares of Class B common stock of Bentley Systems held through four separate gift trusts of which he is trustee. The shares were previously owned by the Gregory S. Bentley 2009 Gift Trust, which was divided into the four trusts after Mr. Logan was appointed trustee of the Original Trust on June 2, 2023. Mr. Logan holds sole voting and sole dispositive power over the reported shares, which represent 4.6% of the Class B shares outstanding based on 292,093,306 shares disclosed by the issuer. The filing includes a certification that the securities were not acquired to change or influence control of the issuer.
Joseph P. Logan dichiara la propriet脿 beneficiaria di 13,335,473 azioni di Class B di Bentley Systems detenute tramite quattro distinti trust di donazione, di cui 猫 trustee. Le azioni erano precedentemente di propriet脿 del Gregory S. Bentley 2009 Gift Trust, che 猫 stato diviso nei quattro trust dopo che il Sig. Logan 猫 stato nominato trustee dell'Original Trust il 2 giugno 2023. Il Sig. Logan detiene l'esclusivo diritto di voto e il pieno potere di disposizione sulle azioni segnalate, che rappresentano il 4.6% delle azioni Class B in circolazione sulla base di 292,093,306 azioni dichiarate dall'emittente. La comunicazione include una certificazione che i titoli non sono stati acquisiti per modificare o influenzare il controllo dell'emittente.
Joseph P. Logan declara ser titular beneficiario de 13,335,473 acciones de Clase B de Bentley Systems, mantenidas a trav茅s de cuatro fideicomisos de donaci贸n separados, de los cuales es fiduciario. Las acciones eran anteriormente propiedad del Gregory S. Bentley 2009 Gift Trust, que se dividi贸 en los cuatro fideicomisos despu茅s de que el Sr. Logan fuera nombrado fiduciario del Original Trust el 2 de junio de 2023. El Sr. Logan posee el derecho exclusivo de voto y el poder exclusivo de disposici贸n sobre las acciones reportadas, que representan el 4.6% de las acciones Clase B en circulaci贸n seg煤n las 292,093,306 acciones divulgadas por el emisor. La presentaci贸n incluye una certificaci贸n de que los valores no fueron adquiridos para cambiar o influir en el control del emisor.
Joseph P. Logan鞚� 13,335,473欤检潣 Class B 氤错喌欤检棎 雽�頃� 鞁れ鞝� 靻岇湢甓岇潉 鞁犼碃頃橂┌, 頃措嫻 欤检嫕鞚� 攴戈皜 靾橅儊鞛�(韸鸽煬鞀ろ嫲)鞚� 雱� 臧滌潣 氤勲弰 歃濎棳 鞁犿儊鞚� 韱淀暣 氤挫湢霅橃柎 鞛堨姷雼堧嫟. 欤检嫕鞚� 鞚挫爠鞐� Gregory S. Bentley 2009 Gift Trust臧� 氤挫湢頃橁碃 鞛堨棃瓿�, Logan 鞌皜 Original Trust鞚� 靾橅儊鞛愲 2023雲� 6鞗� 2鞚�鞐� 鞛勲獏霅� 頉� 雱� 臧滌潣 鞁犿儊鞙茧 攵勴暊霅橃棃鞀惦媹雼�. Logan 鞌姅 鞁犼碃霅� 欤检嫕鞐� 雽�頃� 雼弲 鞚橁舶甓�瓿� 雼弲 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 氚滍枆鞚胳澊 瓿奠嫓頃� 292,093,306欤检潣 旮办鞙茧 Class B 氚滍枆 欤检嫕鞚� 4.6%鞐� 頃措嫻頃╇媹雼�. 氤� 鞝滌稖靹滊鞐愲姅 頃措嫻 歃濌秾鞚� 氚滍枆鞚胳潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼鞚� 氙胳箻旮� 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 鞚胳頃橂姅 雮挫毄鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Joseph P. Logan d茅clare 锚tre le b茅n茅ficiaire effectif de 13,335,473 actions de la cat茅gorie Class B de Bentley Systems d茅tenues via quatre trusts de donation distincts dont il est le fiduciaire. Les actions appartenaient auparavant au Gregory S. Bentley 2009 Gift Trust, qui a 茅t茅 divis茅 en ces quatre trusts apr猫s que M. Logan ait 茅t茅 nomm茅 fiduciaire de l'Original Trust le 2 juin 2023. M. Logan d茅tient le pouvoir exclusif de vote et le pouvoir exclusif de disposition sur les actions d茅clar茅es, qui repr茅sentent 4.6% des actions Class B en circulation, sur la base de 292,093,306 actions divulgu茅es par l'茅metteur. Le d茅p么t comprend une attestation que les titres n'ont pas 茅t茅 acquis dans le but de modifier ou d'influencer le contr么le de l'茅metteur.
Joseph P. Logan meldet das wirtschaftliche Eigentum an 13,335,473 Class-B-Stammaktien von Bentley Systems, gehalten 眉ber vier separate Schenkungs-Trusts, bei denen er als Treuh盲nder fungiert. Die Aktien geh枚rten zuvor dem Gregory S. Bentley 2009 Gift Trust, der in die vier Trusts aufgeteilt wurde, nachdem Herr Logan am 2. Juni 2023 zum Treuh盲nder des Original Trust ernannt worden war. Herr Logan verf眉gt 眉ber alleiniges Stimmrecht und alleiniges Verf眉gungsrecht f眉r die gemeldeten Aktien, die auf der Grundlage von 292,093,306 vom Emittenten ausgewiesenen Aktien 4.6% der ausstehenden Class-B-Aktien darstellen. Die Einreichung enth盲lt eine Bescheinigung, dass die Wertpapiere nicht erworben wurden, um die Kontrolle 眉ber den Emittenten zu 盲ndern oder zu beeinflussen.
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Insights
TL;DR Consolidation of trust ownership under a single trustee centralizes voting but remains below 5% ownership, limiting immediate control implications.
The filing shows 13,335,473 Class B shares are held across four gift trusts with Joseph P. Logan as trustee and with sole voting and dispositive power. At 4.6% of the outstanding Class B, this position is meaningful as a notable stakeholder but stays below the 5% threshold that typically attracts heightened market and regulatory attention. The certification that shares were not acquired to influence control reduces governance escalation risk based on the disclosed facts.
TL;DR A concentrated trustee position of 13.34M Class B shares is material for ownership reporting but is not a controlling stake.
From an investor-significance perspective, the reported 13,335,473 shares with sole voting and dispositive authority provide Mr. Logan with a clear, centralized position in the company鈥檚 Class B capital. However, representing 4.6% of Class B outstanding, the disclosure is routine under Schedule 13G/A reporting standards and does not by itself indicate a shift in control or an activist intent per the filer鈥檚 certification.
Joseph P. Logan dichiara la propriet脿 beneficiaria di 13,335,473 azioni di Class B di Bentley Systems detenute tramite quattro distinti trust di donazione, di cui 猫 trustee. Le azioni erano precedentemente di propriet脿 del Gregory S. Bentley 2009 Gift Trust, che 猫 stato diviso nei quattro trust dopo che il Sig. Logan 猫 stato nominato trustee dell'Original Trust il 2 giugno 2023. Il Sig. Logan detiene l'esclusivo diritto di voto e il pieno potere di disposizione sulle azioni segnalate, che rappresentano il 4.6% delle azioni Class B in circolazione sulla base di 292,093,306 azioni dichiarate dall'emittente. La comunicazione include una certificazione che i titoli non sono stati acquisiti per modificare o influenzare il controllo dell'emittente.
Joseph P. Logan declara ser titular beneficiario de 13,335,473 acciones de Clase B de Bentley Systems, mantenidas a trav茅s de cuatro fideicomisos de donaci贸n separados, de los cuales es fiduciario. Las acciones eran anteriormente propiedad del Gregory S. Bentley 2009 Gift Trust, que se dividi贸 en los cuatro fideicomisos despu茅s de que el Sr. Logan fuera nombrado fiduciario del Original Trust el 2 de junio de 2023. El Sr. Logan posee el derecho exclusivo de voto y el poder exclusivo de disposici贸n sobre las acciones reportadas, que representan el 4.6% de las acciones Clase B en circulaci贸n seg煤n las 292,093,306 acciones divulgadas por el emisor. La presentaci贸n incluye una certificaci贸n de que los valores no fueron adquiridos para cambiar o influir en el control del emisor.
Joseph P. Logan鞚� 13,335,473欤检潣 Class B 氤错喌欤检棎 雽�頃� 鞁れ鞝� 靻岇湢甓岇潉 鞁犼碃頃橂┌, 頃措嫻 欤检嫕鞚� 攴戈皜 靾橅儊鞛�(韸鸽煬鞀ろ嫲)鞚� 雱� 臧滌潣 氤勲弰 歃濎棳 鞁犿儊鞚� 韱淀暣 氤挫湢霅橃柎 鞛堨姷雼堧嫟. 欤检嫕鞚� 鞚挫爠鞐� Gregory S. Bentley 2009 Gift Trust臧� 氤挫湢頃橁碃 鞛堨棃瓿�, Logan 鞌皜 Original Trust鞚� 靾橅儊鞛愲 2023雲� 6鞗� 2鞚�鞐� 鞛勲獏霅� 頉� 雱� 臧滌潣 鞁犿儊鞙茧 攵勴暊霅橃棃鞀惦媹雼�. Logan 鞌姅 鞁犼碃霅� 欤检嫕鞐� 雽�頃� 雼弲 鞚橁舶甓�瓿� 雼弲 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 氚滍枆鞚胳澊 瓿奠嫓頃� 292,093,306欤检潣 旮办鞙茧 Class B 氚滍枆 欤检嫕鞚� 4.6%鞐� 頃措嫻頃╇媹雼�. 氤� 鞝滌稖靹滊鞐愲姅 頃措嫻 歃濌秾鞚� 氚滍枆鞚胳潣 歆�氚瓣秾鞚� 氤�瓴巾晿瓯半倶 鞓來枼鞚� 氙胳箻旮� 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 鞚胳頃橂姅 雮挫毄鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟.
Joseph P. Logan d茅clare 锚tre le b茅n茅ficiaire effectif de 13,335,473 actions de la cat茅gorie Class B de Bentley Systems d茅tenues via quatre trusts de donation distincts dont il est le fiduciaire. Les actions appartenaient auparavant au Gregory S. Bentley 2009 Gift Trust, qui a 茅t茅 divis茅 en ces quatre trusts apr猫s que M. Logan ait 茅t茅 nomm茅 fiduciaire de l'Original Trust le 2 juin 2023. M. Logan d茅tient le pouvoir exclusif de vote et le pouvoir exclusif de disposition sur les actions d茅clar茅es, qui repr茅sentent 4.6% des actions Class B en circulation, sur la base de 292,093,306 actions divulgu茅es par l'茅metteur. Le d茅p么t comprend une attestation que les titres n'ont pas 茅t茅 acquis dans le but de modifier ou d'influencer le contr么le de l'茅metteur.
Joseph P. Logan meldet das wirtschaftliche Eigentum an 13,335,473 Class-B-Stammaktien von Bentley Systems, gehalten 眉ber vier separate Schenkungs-Trusts, bei denen er als Treuh盲nder fungiert. Die Aktien geh枚rten zuvor dem Gregory S. Bentley 2009 Gift Trust, der in die vier Trusts aufgeteilt wurde, nachdem Herr Logan am 2. Juni 2023 zum Treuh盲nder des Original Trust ernannt worden war. Herr Logan verf眉gt 眉ber alleiniges Stimmrecht und alleiniges Verf眉gungsrecht f眉r die gemeldeten Aktien, die auf der Grundlage von 292,093,306 vom Emittenten ausgewiesenen Aktien 4.6% der ausstehenden Class-B-Aktien darstellen. Die Einreichung enth盲lt eine Bescheinigung, dass die Wertpapiere nicht erworben wurden, um die Kontrolle 眉ber den Emittenten zu 盲ndern oder zu beeinflussen.
FAQ
How many Class B shares of Bentley Systems (BSY) does Joseph P. Logan report owning?
What percentage of Bentley Systems Class B does that represent?
How are the shares held by Joseph P. Logan structured?
Does Joseph P. Logan have voting and dispositive power over the reported shares?
Was the reported ownership acquired to influence control of Bentley Systems (BSY)?
