Bentley Systems (BSY) 10% Owner Gregory Bentley Receives Stock Award

What Happened

• Gregory S. Bentley (reported as a 10% owner) received a compensation award of 61,037 shares of Bentley Systems on 2026-07-23 at $30.12 per share (total value $1,838,434).
• To cover tax obligations related to that award, 26,698 shares were withheld by the issuer at the same price (value $804,144), resulting in a net increase of 34,339 shares and a net economic benefit of about $1,034,290.
• This was a stock award under a compensation/bonus program (not an open-market purchase).

Key Details

• Transaction date: 2026-07-23. Price per share reported: $30.12.
• Award: 61,037 shares (code A). Tax withholding/settlement: 26,698 shares withheld (code F).
• Gross value of award: $1,838,434. Value of shares withheld for taxes: $804,144. Net value retained: ≈ $1,034,290.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: F1 = stock portion of the Bonus Pool Payment; F2 = shares withheld by the issuer to cover taxes owed on that payment.
• Filing timely: reported on 2026-07-27 for a 2026-07-23 transaction (filed within the standard two business days).

Context

• This was a compensation award (stock portion of a bonus) with routine tax-withholding, not a market buy or sale; withholding is recorded as a disposition but does not indicate a discretionary sale.
• As a reported 10% owner, the filing notifies investors of insider compensation-related activity; such awards are common and do not necessarily signal a change in insider sentiment.