Form 4: Bentley Systems Executive Chair Acquires BSY Stock

Gregory S. Bentley, Executive Chair and President of Bentley Systems, acquired 3,958 shares of Class B Common Stock through dividend equivalent rights.

Summary

• Gregory S. Bentley, Executive Chair & President, Director, and 10% Owner of Bentley Systems, Incorporated (BSY), reported a transaction.
• On December 11, 2025, Mr. Bentley acquired 3,958 shares of Class B Common Stock.
• This acquisition represents dividend equivalent rights (DERs) that accrued in connection with a dividend paid by the Issuer on previously granted awards.
• The DERs vest on the same terms as the awards to which they relate, with an acquisition price of $0.00 per share.
• Following this transaction, Mr. Bentley directly beneficially owns 7,595,601 shares of Class B Common Stock.
• Additionally, he indirectly beneficially owns 29,155 shares through his spouse and 92,654 shares through a 401(K) Plan.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a key executive, even through dividend equivalent rights, generally indicates continued confidence in the company's performance and future prospects.

Positives

• Executive Chair Gregory S. Bentley increased his direct beneficial ownership by acquiring 3,958 shares of Class B Common Stock.
• The acquisition through dividend equivalent rights indicates a benefit from previously granted equity awards, aligning executive interests with shareholder returns.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Acquisition of 3,958 shares of Class B Common Stock by Executive Chair Gregory S. Bentley, representing dividend equivalent rights from previously granted awards.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it further aligns management's interests with those of the shareholders, potentially signaling confidence in the company's future.

Key Dates

Recommendation

The acquisition of shares by a key executive through dividend equivalent rights is a positive signal, indicating continued alignment of management interests with shareholders and confidence in the company. However, this single transaction, which is not a direct open-market purchase, is generally not sufficient on its own to warrant a change in investment recommendation without further analysis of the company's broader financial performance and strategic outlook.

Keywords

BSY, Bentley Systems, Gregory Bentley, Form 4, insider transaction, stock acquisition, Class B Common Stock, dividend equivalent rights, executive ownership