Bentley Systems (BSY) 10% Owner Gregory S. Bentley Receives Award

What Happened

• Gregory S. Bentley, a reported 10% owner of Bentley Systems (BSY), was issued 3,691 shares on 2026-09-29 as an award/acquisition (transaction code A). The filing shows an acquisition price of $0.00 (no cash paid) for a total reported value of $0.
• This award represents dividend-equivalent rights that accrued in connection with a dividend paid by the company and vest on the same terms as the related awards (see footnote F1). This is an award/dividend-equivalent credit, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-09-29; Form 4 filed: 2026-10-01 (appears timely — within the usual two business days).
• Price reported: $0.00 per share; Shares acquired: 3,691.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — these are dividend equivalent rights that accrued and vest with the underlying awards.
• Transaction type: A = Award/Grant (not a purchase or sale).

Context

• Dividend-equivalent awards are a form of compensation/credit tied to prior awards and do not reflect an open-market buy or sell; they are typically routine and driven by company dividend policy and award terms.
• As a 10% owner, Gregory Bentley is a significant shareholder; such awards increase his stake on the mechanics of the award but should not be read as an independent market-timing signal.