Form 4: Bentley Systems CTO Reports Stock Activity

Bentley Systems' Chief Technology Officer, Julien Moutte, reported the acquisition and disposition of Class B Common Stock related to RSU vesting and an employee stock purchase plan.

Summary

• Julien Moutte, Chief Technology Officer of Bentley Systems, Inc. (BSY), reported transactions involving Class B Common Stock.
• On January 23, 2026, 17,240 shares of Class B Common Stock were acquired upon the vesting of performance-based restricted stock units (RSUs) at a price of $38.84 per share.
• Concurrently, 8,459 shares of Class B Common Stock were disposed of at $38.84 per share to cover tax obligations related to the RSU vesting.
• Following these transactions, Julien Moutte beneficially owns 77,916 shares of Class B Common Stock directly.
• The reported beneficial ownership includes shares acquired through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period that ended on December 31, 2025, with enrollment and contribution elections made in June 2025.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions related to compensation and employee stock plans, which is neutral in sentiment. It does not indicate any significant positive or negative developments for the company.

Positives

• The vesting of performance-based restricted stock units indicates the achievement of specific performance criteria by the Reporting Person.
• Participation in the Global Employee Stock Purchase Plan demonstrates continued alignment of the Chief Technology Officer's interests with the company's success.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of an insider's equity transactions, common across all publicly traded companies, and does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: This is a routine disclosure of an executive's compensation-related stock activity and is unlikely to have a significant direct impact on shareholders.
• Employees: The vesting of RSUs and participation in an ESPP are standard components of executive compensation and employee benefit programs.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, Insider Transaction, Julien Moutte, Chief Technology Officer, Restricted Stock Units, RSU Vesting, Employee Stock Purchase Plan, ESPP, Class B Common Stock