Moutte Julien 4

What Happened Julien Moutte, Chief Technology Officer of Bentley Systems (BSY), had 4,978 shares withheld by the company to cover taxes tied to the vesting of previously granted awards. The shares are reported at $38.19 each, totaling approximately $190,110. This is a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-13; Price reported: $38.19; Total value: ~$190,110.
• Transaction code: F — shares withheld to cover tax liability upon vesting.
• Footnote: F1 — "Represents shares withheld by the Issuer to cover taxes due by the Reporting Person upon the vesting of awards previously granted..."
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing: Report filed 2026-03-17 for a 2026-03-13 transaction — appears filed after the typical 2-business-day Form 4 window.

Context Tax-withholding via share retention is routine when restricted stock or similar awards vest; the company retains (or cancels) some shares to satisfy withholding rather than the insider selling shares on the open market. Such transactions generally reflect tax mechanics, not a direct signal of the insider's view of the stock.