Bentley Keith A. 4

What Happened

• Keith A. Bentley, a reported 10% owner of Bentley Systems (BSY), was credited with 845 shares as an award/acquisition on March 19, 2026. The Form 4 reports the acquisition price as $0.00, i.e., no cash was paid for the award (total cash value recorded: $0).
• This transaction represents dividend-equivalent rights that accrued in connection with a dividend on previously granted awards (see footnote F1). It is an award/accrual rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-19; Filing date (Form 4): 2026-03-23.
• Shares acquired: 845; Per-share price reported: $0.00; Cash paid: $0.
• Footnote: F1 — these are dividend-equivalent rights that accrued and vest on the same terms as the related awards.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Timeliness: The Form 4 was filed four days after the transaction; Form 4s are generally required within two business days, so this filing appears delayed.

Context

• These award shares arose from dividend-equivalent accruals on existing awards and do not reflect an open-market purchase or sale. Such accruals are typically administrative/compensation-related and do not by themselves indicate a change in insider sentiment about the stock.
• As a reported 10% owner, Keith Bentley’s transactions are subject to Section 16 reporting requirements; this filing documents the non-cash award rather than trading activity.