Form 4: Bentley Systems CFO Sells Shares for Tax Obligations

Bentley Systems' Chief Financial Officer, Andre Werner, disposed of 5,096 shares of Class B Common Stock to cover tax liabilities related to vested awards.

Summary

• Andre Werner, Chief Financial Officer of Bentley Systems, Inc. (BSY), reported a transaction involving Class B Common Stock.
• On March 13, 2026, Mr. Werner disposed of 5,096 shares of Class B Common Stock.
• The shares were disposed of at a price of $38.19 per share.
• This transaction represents shares withheld by Bentley Systems to cover taxes due by Mr. Werner upon the vesting of previously granted awards.
• Following this transaction, Mr. Werner beneficially owns 378,128 shares of Class B Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary insider transaction for tax purposes, which typically has no material impact on company sentiment or valuation.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider trading activity, often related to equity compensation and tax obligations. Transactions like this, where shares are withheld to cover taxes upon vesting, are common and generally do not indicate a change in management's outlook on the company's prospects.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction and not a discretionary sale indicating a change in insider sentiment.

Key Dates

Keywords

Bentley Systems, BSY, Andre Werner, CFO, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Class B Common Stock, Equity Compensation