Bentley Systems sets compensation for COO Nicholas Cumins and CFO Werner Andre after promotions

BENTLEY SYSTEMS INC

Cash comp: Cumins base €587,709 and on-target incentive equal; Andre $400k base and same; effective April 1, 2022.
Annual equity: Cumins 22,525 RSUs and 22,525 PSUs (max 28,156); Andre 13,580 each (max 16,975); 4-year vest.
Extraordinary time-based RSUs: Cumins 77,161, Andre 23,148; cliff vest Jan 31, 2025.
Extraordinary PSUs: Cumins 77,161, Andre 23,148; 3-year performance based on EBITDA margin and New Business; cliff vest Jan 31, 2025.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Werner Andre

Chief Financial Officer

BSY · BENTLEY SYSTEMS INC

Effective: 2022-04-01
Filed: March 23, 2022, 7:59 PM ET

approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.

Role change

Nicholas Cumins

Chief Operating Officer

BSY · BENTLEY SYSTEMS INC

Effective: 2022-04-01
Filed: March 23, 2022, 7:59 PM ET

approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Werner Andre changed role as Chief Financial Officer at BENTLEY SYSTEMS INC.

Action: promoted
Role: Chief Financial Officer

Exact text from the filing

approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicholas Cumins changed role as Chief Operating Officer at BENTLEY SYSTEMS INC.

Action: promoted
Role: Chief Operating Officer

Exact text from the filing

approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.

View on SEC.gov

BENTLEY SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001104659-22-037057

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