Bentley Raymond B. 4

What Happened
Raymond B. Bentley, a reported 10% owner of Bentley Systems, Inc. (BSY), was issued 2,076 shares on June 11, 2026 as an award/other acquisition (transaction code A). The shares were recorded at $0.00 (total value $0) because they represent dividend-equivalent rights accrued in connection with a dividend on previously granted awards and are not a market purchase.

Key Details

• Transaction date and type: 2026-06-11 — Grant/Award (Code A).
• Price/Value: $0.00 per share; total recorded value $0 (dividend-equivalent settlement).
• Shares acquired: 2,076.
• Shares owned after transaction: not provided in the summary data.
• Footnote: These are dividend equivalent rights that accrued from a dividend on prior awards and vest on the same terms as the related awards (Footnote F1).
• Filing: Form 4 filed 2026-06-15 for a 2026-06-11 transaction — filed within the SEC’s two-business-day window (timely).

Context
This was not an open-market purchase or sale but an issuance of dividend-equivalent shares tied to previously granted awards. Such dividend-equivalent settlements are administrative/compensation-related and do not necessarily signal a buying or selling preference by the insider. As a 10% owner, Bentley’s holdings are significant for disclosure purposes, but this particular transaction reflects dividend settlement mechanics rather than a discretionary investment decision.