Cumins Nicholas 4

What Happened
Nicholas Cumins, CEO of Bentley Systems (BSY), received two restricted stock unit (RSU) awards on March 6, 2026: 74,839 RSUs (grant A) and 28,107 RSUs (grant A), for a total of 102,946 RSUs. The Form 4 reports the grants at $0.00 per share (grant/award reporting) — these are compensation awards, not open-market purchases or sales, and do not represent immediately tradable shares until they vest.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (appears timely under SEC rules).
• Reported grant amounts: 74,839 RSUs and 28,107 RSUs (total 102,946 RSUs). Price reported on form: $0.00 per share.
• Shares owned after transaction: not specified in the supplied filing details.
• Footnotes:
  • F1: 74,839 RSUs are time‑based RSUs under the Issuer's Career Stock Program, vesting on December 15, 2030.
  • F2: 28,107 RSUs are time‑based RSUs under the 2020 Omnibus Incentive Plan, vesting over four years with one-quarter vesting on each anniversary of the grant.
• Nature of transaction code: A = Award/Grant (compensation). No 10b5-1 plan, tax withholding, or sale indicated in the provided details.

Context
RSU grants are a form of executive compensation and generally indicate deferred ownership that vests over time; they are not immediate purchases or sales and do not by themselves signal buying or selling intent. Vesting schedules mean Cumins will only receive actual shares if/when the RSUs vest per the stated schedules.