Form 4: Bentley Systems COO Sells Shares for Tax Obligations

Bentley Systems' Chief Operating Officer, James K. Lee, disposed of 9,166 shares of Class B Common Stock on December 15, 2025, to cover tax liabilities related to vested equity awards.

Summary

• James K. Lee, Chief Operating Officer of Bentley Systems, Inc. (BSY), reported a transaction on December 15, 2025.
• The transaction involved the disposition of 9,166 shares of Class B Common Stock.
• These shares were withheld by the Issuer to cover taxes due upon the vesting of previously granted equity awards.
• The shares were disposed of at a price of $40.25 per share.
• Following this transaction, Mr. Lee beneficially owns 163,290 shares of Class B Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax liabilities associated with vested equity awards, which is a common occurrence for executives and does not indicate a change in company fundamentals or management's outlook.

Negatives

• Reduced direct beneficial ownership by a key executive, James K. Lee, by 9,166 shares.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to equity compensation and does not reflect broader industry trends or competitive positioning for Bentley Systems. Such transactions are common for executives receiving stock-based awards.

Related Party Transactions

• The transaction involves an insider (Chief Operating Officer James K. Lee) and the issuer (Bentley Systems, Inc.) for tax withholding purposes related to equity compensation.

Stakeholder Impact

• Minor reduction in direct insider ownership by the Chief Operating Officer, which is a routine event for equity compensation and generally has minimal impact on overall shareholder confidence or company operations.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by an executive to cover tax obligations upon the vesting of equity awards. Such transactions are common and do not typically signal a change in the company's fundamental performance or management's confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

Bentley Systems, BSY, Form 4, Insider Transaction, James K Lee, Chief Operating Officer, Stock Disposition, Tax Withholding, Equity Compensation