Bentley Systems (BSY) CRO Andrew Rahden Receives 174-Share Award

What Happened
Andrew Rahden, Chief Revenue Officer of Bentley Systems (BSY), was reported on an SEC Form 4 as acquiring 174 shares on 2026-09-29. The filing lists the transaction as an award/acquisition (code A) at an acquisition price of $0.00, indicating these are non-cash dividend-equivalent rights tied to previously granted awards.

Key Details

• Transaction date: 2026-09-29; filing date: 2026-10-01 (filed within the standard 2-business-day window).
• Reported transaction: 174 shares acquired at $0.00 (award/dividend-equivalent rights).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnote: F1 — these are dividend-equivalent rights that accrued in connection with a dividend and will vest on the same terms as the related awards.
• Transaction code: A (award/grant/acquisition).

Context
Dividend-equivalent awards are a form of non-cash compensation that mirror dividends on outstanding awards and typically vest under the same conditions as the underlying awards. Such awards are routine compensation actions and not direct open-market purchases or sales, so they should not be interpreted alone as a clear bullish or bearish signal.