BENTLEY SYSTEMS INC·4

Mar 23, 4:19 PM ET

Griswold Kirk B. 4

4 · BENTLEY SYSTEMS INC · Filed Mar 23, 2026

Research Summary

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Bentley (BSY) Director Kirk B. Griswold Receives 70-Share Award

What Happened
Kirk B. Griswold, a director of Bentley Systems, received an award of 70 shares (transaction code A) on March 19, 2026. The shares were reported as acquired at $0.00 — these represent dividend-equivalent rights that accrued on previously granted awards and vest on the same terms as those awards. This is an awarded/credited issuance (compensation-related), not a market purchase or sale.

Key Details

  • Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (filed on time under the two-business-day rule).
  • Transaction type/code: A (Award/Grant) — 70 shares acquired at $0.00; aggregate price reported $0.
  • Footnote: Dividend-equivalent rights that accrued in connection with a dividend on previously granted awards and vest on the same terms as those awards.
  • Shares owned after transaction: Not specified in the provided extract.

Context
Awards for directors often reflect compensation or dividend-equivalent credits tied to existing equity awards rather than an active buy or sell decision. Because this was a non-cash award, it does not directly signal a personal cash investment by the insider.

Insider Transaction Report

Form 4
Period: 2026-03-19
Transactions
  • Award

    Class B Common Stock

    [F1]
    2026-03-19+70461,282 total
Footnotes (1)
  • [F1]Represents dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid by the Issuer on awards previously granted and vest on the same terms as the awards to which they relate.
Signature
/s/ Michael T. Fischette, Attorney-in-Fact|2026-03-23

Documents

1 file
  • 4
    tm268358-31_4seq1.xmlPrimary

    OWNERSHIP DOCUMENT