Bentley Systems (BSY) 10% Owner Raymond B. Bentley Receives Award

What Happened
Raymond B. Bentley, reported as a 10% owner of Bentley Systems (BSY), received an award of 2,044 shares on 2026-09-29. The shares were granted at $0.00 (total reported value $0) and are described in the filing as dividend equivalent rights that accrued and vest on the same terms as the related awards — i.e., this is an award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-09-29 (reported on Form 4 filed 2026-10-01) — filing appears timely.
• Transaction type/code: A = Award/Grant. Price reported: $0.00; total value $0.
• Shares received: 2,044 shares (footnote F1: dividend equivalent rights that accrued and vest with the underlying awards).
• Shares owned after transaction: Not stated in the provided filing.
• No indication of a sale, tax withholding, 10b5-1 plan, or cashless exercise in the provided data.

Context
This filing reports dividend-equivalent awards converting into shares for a large (10%) shareholder. Awards and dividend equivalents are routine compensation/benefit events and do not by themselves indicate a buy or sell signal. For retail investors, purchases are generally more informative about insider sentiment; this report documents a grant-related accrual rather than a market transaction.