Shaman David R. 4

What Happened David R. Shaman, Chief Legal Officer of Bentley Systems (BSY), was granted 18,769 restricted stock units (RSUs) on March 6, 2026. The Form 4 reports the acquisition as 18,769 shares at $0.00 per share (total $0) under transaction code "A" (award/grant). This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (filed within the standard two-business-day window).
• Reported transaction: 18,769 RSUs, $0.00 per share, total reported value $0 (code A — award/grant).
• Vesting: Footnote F1 — time-based RSU award vesting over four years with one-quarter vesting on each anniversary of the grant.
• Shares owned after the transaction: Not specified in the filing.
• No 10b5-1 plan, tax-withholding, or sale/transfer indicated in this report.

Context RSUs are a form of equity compensation that do not require an immediate cash outlay and generally convert to taxable shares as they vest. Such grants are common for executive compensation and do not, by themselves, signal a buy or sell intent in the open market.