Cumins Nicholas 4

What Happened Nicholas Cumins, CEO of Bentley Systems (BSY), was credited with 707 shares on 2026-03-19 as a grant/award (transaction code A). The shares were recorded at $0.00 per share (total reported value $0), reflecting an award of dividend-equivalent rights rather than an open‑market purchase.

Key Details

• Transaction date: 2026-03-19; reported on Form 4 filed 2026-03-23 (filing appears timely).
• Amount: 707 shares acquired at $0.00 per share (total $0).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: These are dividend-equivalent rights that accrued in connection with a dividend on previously granted awards and vest on the same terms as those underlying awards (see F1).
• Transaction type: Award/grant (A) — not a purchase (P) or sale (S).

Context Dividend-equivalent awards convert dividend payments tied to previously granted awards into additional award units or shares; they are a form of compensation or dividend crediting, not an open‑market investment decision. Such awards are generally routine and do not, by themselves, indicate insider buying or selling intent.