Bentley Systems (BSY) COO James K. Lee Withholds 747 Shares

What Happened

• James K. Lee, COO of Bentley Systems (BSY), had 747 shares withheld by the company to cover taxes due upon the vesting of previously granted awards. The withholding was executed on 2026-03-13 at an effective per-share value of $38.19, totaling about $28,528.
• This was a tax-withholding disposition (code F), not an open-market sale or a purchase; such withholdings are routine to satisfy tax obligations when equity awards vest.

Key Details

• Transaction date: 2026-03-13; per-share amount used for withholding: $38.19; total value: $28,528.
• Transaction code: F (shares withheld to cover tax liabilities on vested awards).
• Shares owned after the transaction: not disclosed in the provided excerpt (see the full Form 4 for total beneficial ownership).
• Filing date: 2026-03-17 — filed within the standard Form 4 reporting window (timely).

Context

• This was a tax-withholding event tied to vesting of awards. Shares withheld to pay taxes are common and do not indicate a deliberate market sale or a change in insider sentiment.
• For investors, purchases by insiders typically carry more informational weight than routine withholdings; treat this as administrative rather than directional insider trading.