Cumins Nicholas 4

What Happened

• Nicholas Cumins, CEO of Bentley Systems (BSY), was credited with 878 shares on 2026-06-11 as an award/acquisition. The Form 4 lists the acquisition price as $0.00 (no cash paid). The grant represents dividend-equivalent rights tied to previously granted awards that vest on the same terms as those awards.

Key Details

• Transaction date: 2026-06-11
• Filing date (Form 4): 2026-06-15 (timely; within required two business days)
• Transaction type/code: A — Grant/award/other acquisition
• Shares acquired: 878 at $0.00 per share
• Shares owned after transaction: Not specified in the filing
• Footnote: These are dividend-equivalent rights that accrued from a dividend paid on existing awards and vest on the same schedule as the related awards

Context

• This was an award/dividend-equivalent credit, not an open-market purchase or a sale. Such credits typically reflect compensation plan mechanics (automatic accrual of dividend equivalents) rather than a discretionary buy or sell by the insider. The filing is timely, and no immediate sale or exercise was reported.