Andre Werner 4

What Happened
Andre Werner, Chief Financial Officer of Bentley Systems (BSY), received 20,659 shares upon the vesting of performance-based restricted stock units (RSUs) on 2026-01-23. The vesting value was reported at $38.84 per share (total ~$802,396). To cover taxes on the vesting event, 6,103 shares were withheld by the issuer at the same price (value ~$237,041), leaving a net increase of 14,556 shares retained by Werner (net value ≈ $565,355).

Key Details

• Transaction date: 2026-01-23; Form 4 filed: 2026-01-27 (4 days after the transaction). Form 4s are generally due within two business days of the transaction.
• Award (A): 20,659 shares @ $38.84, value $802,396 (vested performance-based RSUs). Footnote F1.
• Tax withholding (F): 6,103 shares @ $38.84, value $237,041 (shares withheld to cover taxes). Footnote F2.
• Net shares retained: 14,556 (20,659 − 6,103), net value ≈ $565,355.
• Shares owned after transaction: not specified in the provided filing.
• Codes explained: A = award/vesting; F = shares withheld for taxes.

Context
This was a vesting of performance-based RSUs, not an open-market purchase or sale. Withholding shares to cover taxes is a routine administrative step and does not, by itself, indicate a decision to sell shares. Awards increase an insider’s stake when shares are retained; here Werner kept a net 14,556 shares.