Form 4: Bentley Systems Executive Chair Boosts Stake

Gregory S. Bentley, Executive Chair and President of Bentley Systems, acquired 30,135 shares of Class B Common Stock as part of his bonus compensation, increasing his direct beneficial ownership.

Summary

• Gregory S. Bentley, Executive Chair & President of Bentley Systems, Inc. (BSY), reported transactions involving Class B Common Stock.
• On October 22, 2025, Mr. Bentley acquired 30,135 shares of Class B Common Stock at a price of $52.01 per share.
• This acquisition represents the stock portion of compensation paid to Mr. Bentley under the Issuer's Bonus Pool Plan.
• Concurrently, 13,181 shares of Class B Common Stock were disposed of at $52.01 per share to cover taxes owed by Mr. Bentley in respect of the Bonus Pool Payment.
• Following these transactions, Mr. Bentley directly beneficially owns 7,600,575 shares of Class B Common Stock.
• He also indirectly owns 29,155 shares through his spouse and 92,654 shares through a 401(K) Plan.

Sentiment

Score: 6

Explanation: The filing reports a routine insider transaction where an executive received stock as compensation and had shares withheld for taxes. The net increase in direct ownership is slightly positive, indicating continued alignment of executive interests with shareholders, but it's a standard event without significant new information.

Positives

• Executive Chair Gregory S. Bentley increased his direct beneficial ownership by a net of 16,954 shares (30,135 acquired 13,181 disposed) through compensation, which can signal management confidence and alignment with shareholder interests.
• The acquisition of shares is part of the company's Bonus Pool Plan, indicating performance-based compensation.

Negatives

• A portion of the acquired shares (13,181 shares) was immediately withheld to cover tax obligations, which is a standard practice but reduces the net increase in direct ownership.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, which is limited to reporting insider transactions.

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation and tax withholding, which does not provide specific insights into broader industry trends or competitive positioning for Bentley Systems, Inc.

Comparison to Industry Standards

• This filing details a standard executive compensation event involving stock awards and subsequent tax withholding, which is a common practice across publicly traded companies.
• No specific comparable companies, projects, or results are mentioned or implied for a direct comparison within this filing.

Stakeholder Impact

• Shareholders: The increase in direct beneficial ownership by a key executive may be viewed positively as it aligns management's interests with shareholder value.
• Employees: The filing pertains to executive compensation and does not directly impact the broader employee base.

Key Dates

Keywords

Bentley Systems, BSY, Form 4, insider transaction, stock acquisition, executive compensation, Class B Common Stock, Gregory S. Bentley, beneficial ownership