Form 4: Bentley Systems CTO Sells Shares for Tax Obligations

Bentley Systems' Chief Technology Officer, Julien Moutte, disposed of 431 Class B Common Stock shares to cover tax liabilities related to vested awards.

Summary

• Julien Moutte, Chief Technology Officer of Bentley Systems, Inc. (BSY), reported a transaction involving Class B Common Stock.
• On March 17, 2026, 431 shares were disposed of at a price of $37.88 per share.
• This disposal was identified as an "F" transaction code, indicating shares withheld by the Issuer to cover taxes due upon the vesting of previously granted awards.
• Following this transaction, Julien Moutte directly beneficially owns 93,000 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a standard tax-related withholding upon equity award vesting and does not indicate a discretionary sale or a change in insider sentiment.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this transaction is a routine, non-discretionary sale of shares by an insider to cover tax obligations arising from the vesting of equity awards. Such transactions are common and generally do not reflect a change in management's outlook on the company's prospects.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or management's view.

Key Dates

Keywords

Bentley Systems, BSY, Julien Moutte, CTO, Insider Trading, Form 4, Stock Sale, Tax Withholding, Class B Common Stock