Form 4: Bentley Systems Executive Sells Shares

David R. Shaman, Chief Legal Officer of Bentley Systems Inc., reported a transaction involving the sale of Class B Common Stock.

Summary

• David R. Shaman, Chief Legal Officer at Bentley Systems Inc., engaged in a transaction on July 8, 2026.
• The transaction involved the withholding of 704 shares of Class B Common Stock by the Issuer to cover tax liabilities for the Reporting Person.
• This withholding occurred upon a scheduled distribution of Class B Common Stock from the Issuer's Non-Qualified Deferred Compensation Plan.
• The value of the withheld shares was $31.65 per share.
• Following this transaction, Shaman beneficially owns 629,731 shares of Class B Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine tax-related stock withholding by an executive, which is not indicative of a change in the executive's outlook on the company's performance.

Negatives

• The transaction represents a disposition of company stock by a key executive, which could be perceived negatively by the market.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it solely reports a past transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The withholding of shares for tax purposes is a common practice when stock-based compensation vests or is distributed.

Stakeholder Impact

• Shareholders: The sale of shares by an executive could be interpreted as a signal, though in this case, it's a tax-related withholding, which is a common and expected event.

Key Dates

Keywords

Bentley Systems, Form 4, Insider Transaction, Class B Common Stock, Stock Withholding, Tax Liability, Deferred Compensation Plan, Chief Legal Officer