Form 4: Bentley Systems Director Disposes Shares for Tax

Bentley Systems Director and 10% owner Barry J. Bentley disposed of 371 Class B Common Stock shares to cover tax liabilities from a deferred compensation plan distribution.

Summary

• Barry J. Bentley, a Director and 10% owner of Bentley Systems, Inc. (BSY), reported a disposition of Class B Common Stock.
• On January 1, 2026, 371 shares of Class B Common Stock were disposed of at a price of $38.155 per share.
• This transaction was a withholding by the Issuer to cover taxes due by Mr. Bentley upon a scheduled distribution from the company's Non-Qualified Deferred Compensation Plan.
• Following this transaction, Mr. Bentley directly beneficially owns 11,837,887 shares of Class B Common Stock and indirectly owns 92,654 shares via a 401(K) Plan.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes and does not reflect a change in investment sentiment by the insider.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitive landscape.

Related Party Transactions

• Disposition of 371 Class B Common Stock shares by Director Barry J. Bentley to the Issuer to cover tax liabilities arising from a scheduled distribution from the Issuer's Non-Qualified Deferred Compensation Plan.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary tax-related transaction by an insider, not indicative of a change in company fundamentals or insider sentiment.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares by a director to cover tax obligations from a deferred compensation plan. It does not indicate any change in the company's fundamentals, strategic direction, or the insider's long-term view of the company. Therefore, it provides no new information to warrant a change in investment recommendation.

Keywords

Bentley Systems, BSY, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Deferred Compensation, Class B Common Stock, Barry J. Bentley