Bentley Systems (BSY) 10% Owner Keith A. Bentley Receives Award

What Happened

• Keith A. Bentley, a reported >10% owner of Bentley Systems (BSY), received 1,033 shares on Sept 29, 2026. The Form 4 records this as an award/acquisition (code A) at $0.00 per share (aggregate value $0). This was not an open-market purchase or sale but an award of dividend-equivalent rights tied to previously granted awards.

Key Details

• Transaction date: 2026-09-29; Form 4 filed: 2026-10-01 (appears timely).
• Transaction type/code: Grant / Award (A).
• Shares acquired: 1,033; Price per share: $0.00; Aggregate reported value: $0.
• Shares owned after transaction: Not specified in the summary 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 timeliness: No late-filing flag shown.

Context

• Dividend-equivalent awards are bookkeeping/compensation adjustments that reflect dividends on outstanding awards and typically vest according to the underlying award terms; they are different from outright purchases or sales and do not necessarily signal a change in insider sentiment.
• As a >10% owner, this report documents a major-holder compensation/award event rather than an open-market trade.