Cumins Nicholas 4

What Happened
Nicholas Cumins, CEO of Bentley Systems Inc. (BSY), had 6,626 shares withheld by the company on March 13, 2026 to cover tax liabilities tied to vested awards. The shares were valued at $38.19 each, for a total disposition value of $253,047. This is a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date: 2026-03-13; Price per share: $38.19; Shares withheld/disposed: 6,626; Total value: $253,047.
• Transaction code: F — shares withheld by issuer to cover taxes due upon vesting.
• Filing date: 2026-03-17 (filed within the typical 2-business-day Form 4 reporting window).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: F1 — issuer withheld shares to cover taxes due by the reporting person upon vesting of previously granted awards.

Context
Tax-withholding dispositions are routine administrative actions when restricted stock or other equity awards vest; they represent withholding of shares to satisfy tax obligations and do not necessarily reflect the insider’s view of the company. This was not an open-market sale or a purchase, and no 10b5-1 plan or late filing was indicated in the provided information.