Shaman David R. 4

What Happened David R. Shaman, Chief Legal Officer of Bentley Systems (BSY), had 984 shares withheld by the issuer to cover taxes due upon the vesting of previously granted awards. The withholding was recorded at $37.88 per share for a total value of $37,274 on March 17, 2026. This is a tax-withholding/net settlement of awards, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-17; filing date: 2026-03-19 (Form 4 filed timely).
• Price per share: $37.88; total value of withheld shares: $37,274.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: F1 — shares were withheld by the issuer to cover taxes due upon vesting of awards (tax withholding/net settlement).
• Transaction code: F (tax withholding), not a market sale (S) or purchase (P).

Context Withholding shares to cover taxes is a common administrative step when equity awards vest and does not necessarily indicate buying or selling sentiment. This is effectively a net settlement of vested awards rather than a discretionary sale or purchase by the insider.