BENTLEY GREGORY S 4

What Happened

• Gregory S. Bentley, a >10% owner of Bentley Systems (BSY), received a stock award of 36,765 shares on 2026-01-23 at an effective price of $38.84 per share (total value reported $1,427,953). Concurrently, 16,081 shares were withheld by the issuer to satisfy tax obligations related to the award (reported value $624,586). Net shares delivered to the reporting person were 20,684, with a net value of about $803,367.
• This was a compensation award (not an open-market purchase or sale); the withholding is a routine tax-related disposition.

Key Details

• Transaction date: 2026-01-23; Filing date (Form 4): 2026-01-27 (Accession: 0001104659-26-006995).
• Grant (code A): 36,765 shares @ $38.84 — $1,427,953 reported.
• Withholding/tax disposition (code F): 16,081 shares @ $38.84 — $624,586 reported.
• Net shares retained by insider: 20,684 (36,765 granted − 16,081 withheld). Net value ≈ $803,367.
• Footnotes: F1 indicates the shares are the stock portion of compensation under the issuer’s Bonus Pool Plan; F2 indicates shares were withheld to cover taxes.
• No late-filing indication provided in the record.

Context

• This transaction is a compensation-related award to a 10% owner rather than a market buy or sale; tax withholding (code F) is a common administrative step and not necessarily a signal of intent to liquidate.
• For retail investors, compensation grants increase insider ownership but do not by themselves indicate a buy/sell sentiment; consider combining this data with other insider transactions and company fundamentals.