Bentley Systems (BSY) CFO Andre Werner Receives 199-Share Award

What Happened

• Andre Werner, Chief Financial Officer of Bentley Systems, was credited with an award of 199 shares on September 29, 2026. The transaction is reported as an acquisition/award (code A) at $0.00 per share (total reported value $0), reflecting dividend-equivalent rights that accrued in connection with a dividend on previously granted awards.

Key Details

• Transaction date: 2026-09-29; Form 4 filed: 2026-10-01 (report appears timely).
• Reported transaction: 199 shares @ $0.00 (award/dividend-equivalent rights).
• Shares owned after transaction: not specified in the provided report details.
• Footnotes:
  • F1: These are dividend-equivalent rights that vested on the same terms as the underlying awards.
  • F2: Notes inclusion of shares acquired through the Bentley Global ESPP for the offering period ended 6/30/2026 and an adjustment related to dividend-equivalent rights in prior reports.
• Transaction code: A = Award/Grant (not an open-market purchase or sale).

Context

• Dividend-equivalent awards are a form of compensation tied to prior equity awards; they do not involve out-of-pocket buying or selling by the insider and are generally routine compensation rather than a direct market sentiment signal.
• For retail investors, purchases (or open-market sales) often carry clearer signals than grants; this filing documents compensation-related issuance rather than a market trade.