Ballard Brock 4

What Happened Brock Ballard, Chief Revenue Officer of Bentley Systems (BSY), had 293 shares withheld by the company on March 17, 2026 to cover taxes due upon the vesting of previously granted awards. The withholding was executed at $37.88 per share, totaling $11,099. This is a routine tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-03-17. Filing date: 2026-03-19 (timely).
• Price per share: $37.88; shares withheld/disposed: 293; total value: $11,099.
• Shares owned after transaction: not reported in the provided Form 4 summary.
• Footnote: F1 — shares were withheld by the issuer to cover tax liabilities upon vesting of awards.
• Transaction code: F (tax withholding to cover tax liabilities); this is not a purchase signal.

Context This is a routine administrative action where the company retains shares to satisfy tax withholding obligations when equity awards vest. Such withholdings are common and do not necessarily indicate insider sentiment about the stock.