Filing Details

Accession Number:
0001104659-22-112502
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-10-28 16:48:53
Reporting Period:
2022-10-26
Accepted Time:
2022-10-28 16:48:53
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1031308 Bentley Systems Inc BSY Services-Prepackaged Software (7372) 953936623
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1214661 S Gregory Bentley C/O Bentley Systems, Incorporated
685 Stockton Drive
Exton PA 19341
Chairman, Ceo & President Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class B Common Stock Disposition 2022-10-26 1,668 $36.00 8,634,484 No 4 S Direct
Class B Common Stock Acquisiton 2022-10-27 98,666 $35.08 8,733,150 No 4 A Direct
Class B Common Stock Disposition 2022-10-27 52,948 $36.03 8,680,202 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 A Direct
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class B Common Stock 137,512 Indirect By spouse
Class B Common Stock 92,654 Indirect By 401(K) Plan
Footnotes
  1. As previously disclosed by Bentley Systems, Incorporated ( the "Company"), during the second quarter of 2022 the Company began to exercise its right to require that certain awardees of equity compensation and recipients of distributions from the Company's nonqualified deferred compensation plan receive vested awards and distributions (as applicable) in the form of gross quantities of Company Class B Common Stock (the "Common Stock") and to require such awardees and recipients to promptly reimburse the Company for their tax withholding amounts in cash. Prior to that election, all such vesting and distributions were made on a net basis, with the Company withholding shares of Common Stock in consideration of remitting withholding taxes on behalf of recipients.
  2. Due to a 1,000 character limit, Footnote 2 is a continuation of Footnote 1: Accordingly, in light of this change in practice, the Reporting Person entered into a 10b5-1 trading plan (the "Plan") to sell previously-owned shares of Common Stock for the primary purpose of meeting his current and future tax withholding obligations. All sales reflected on this Form 4 were made pursuant to the Plan.
  3. Represents the stock portion of compensation paid to the Reporting Person pursuant to the Company's Bonus Pool Plan.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on October 27, 2022 at prices ranging from $36.00 to $36.11. The Reporting Person undertakes to provide to Bentley Systems, Incorporated, any security holder of Bentley Systems, Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.