Ballard Brock 4

What Happened
Ballard Brock, Chief Revenue Officer of Bentley Systems Inc. (BSY), had 17,343 shares acquired upon the vesting of performance-based restricted stock units on January 23, 2026. The filing values those shares at $38.84 each, totaling $673,602. To cover tax obligations on the vesting, 4,977 shares were withheld (treated as a disposition) at the same $38.84 price, equal to $193,307.

Key Details

• Transaction date: 2026-01-23
• Award/acquisition: 17,343 shares @ $38.84 = $673,602 (Transaction code A)
• Tax withholding/disposition: 4,977 shares @ $38.84 = $193,307 (Transaction code F)
• Footnotes: F1 = shares from vesting of performance-based RSUs; F2 = shares withheld by issuer to cover taxes.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing date: 2026-01-27 — filed within the SEC’s two-business-day reporting window (timely).

Context
This was a compensation-related vesting event (RSUs), not an open-market buy or sale by the insider. The withheld shares were used to satisfy tax withholding and are routine for RSU vesting; such transactions reflect compensation mechanics rather than a direct view on the company’s stock. Purchases or open-market sales by insiders are generally more informative about sentiment than standard vesting and withholding transactions.