Ballard Brock 4

What Happened

• Ballard Brock, Chief Revenue Officer of Bentley Systems (BSY), received an award of 202 shares on 2026-06-11. The filing lists an acquisition price of $0.00 (transaction code A — grant/award). This was an award of dividend-equivalent rights tied to previously issued awards, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-11
• Transaction type/code: Award/Grant (A)
• Shares granted: 202
• Reported acquisition price: $0.00 (total cash paid: $0)
• Shares owned after transaction: not disclosed in the Form 4 filing
• Footnote: F1 — these are dividend equivalent rights that accrued in connection with a dividend on previously granted awards and vest on the same terms as those awards
• Filing: Form 4 filed 2026-06-15 (timely — within the two-business-day window)

Context

• Dividend-equivalent awards are a common form of executive compensation and represent additional shares tied to existing awards; they are granted rather than bought. Such grants are routine compensation events and do not by themselves indicate insider buying or selling intent.