Form 4: Bentley Systems' Chief Legal Officer Reports Stock Transactions

David R. Shaman, Chief Legal Officer of Bentley Systems, reports a transaction involving Class B Common Stock to cover taxes due from a deferred compensation plan distribution.

Summary

• On May 5, 2025, David R. Shaman, the Chief Legal Officer of Bentley Systems, engaged in a transaction involving Class B Common Stock.
• The transaction involved the withholding of 10,337 shares of Class B Common Stock by Bentley Systems to cover taxes due from a scheduled distribution from the Issuer's Non-Qualified Deferred Compensation Plan.
• The price per share was $43.77, representing the volume weighted average price as calculated pursuant to the Issuer's Non-Qualified Deferred Compensation Plan.
• Following the reported transaction, Shaman directly owns 688,870 shares of Class B Common Stock.
• Shaman also indirectly owns 279,308 shares through Grantor Retained Annuity Trusts and 32,635 shares through a 401(K) Plan.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.

Key Dates

Keywords

Form 4, Beneficial Ownership, Class B Common Stock, Bentley Systems, BSY, David R. Shaman, Deferred Compensation, Tax Withholding