Cumins Nicholas 4

What Happened

• Nicholas Cumins, CEO of Bentley Systems, had 2,430 shares withheld by the company to cover tax liabilities arising from the vesting of previously granted awards. The withholding is reported as a disposition at $37.88 per share for a total value of $92,048.

Key Details

• Transaction date: 2026-03-17; Filing date: 2026-03-19 (timely Form 4 filing).
• Transaction type/code: F — shares withheld to satisfy tax withholding obligations upon vesting (not an open-market sale).
• Shares involved: 2,430 shares withheld at $37.88 each; total value $92,048.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 confirms the shares were withheld by the issuer to cover taxes due on vested awards.
• No 10b5-1 plan or late filing indicated.

Context

• This is a routine tax-withholding event tied to the vesting of equity awards. It does not represent an active sale into the market signaling changed insider sentiment.
• For retail investors, withholdings to cover taxes are common and generally not considered a material insider "sell" decision.