Bentley Systems (BSY) CEO Nicholas Cumins Receives Award — 737 Shares

What Happened

• Nicholas Cumins, CEO of Bentley Systems Inc. (BSY), was granted 737 shares on 2026-09-29. The reported acquisition price is $0.00, giving a total reported value of $0 for this transaction. This was an award (grant) — not an open-market purchase or sale — typically part of compensation or dividend-equivalent recognition rather than a direct trading signal.

Key Details

• Transaction date: 2026-09-29; Form 4 filed: 2026-10-01 (appears timely within the standard Form 4 window).
• Award: 737 shares; Price per share reported: $0.00; Total cash value reported: $0.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes:
  • F1: These are dividend equivalent rights that accrued in connection with a company dividend and vest on the same terms as the underlying awards.
  • F2: The total has been adjusted to correct dividend-equivalent rights that were incorrectly included in prior reports.
• No indication of a 10b5-1 plan, sale, exercise, or tax-withholding sale in the disclosed transaction.

Context

• Dividend-equivalent awards are commonly issued to mirror dividends on awards previously granted and generally reflect compensation/accounting adjustments rather than a CEO directional bet on the stock. They do not involve cash outlay by the recipient and are routine in equity compensation administration.