Ballard Brock 4

What Happened
Ballard Brock, Chief Revenue Officer of Bentley Systems (BSY), had 4,147 shares withheld by the company on March 13, 2026 to cover taxes due upon the vesting of previously granted awards. The withheld shares were valued at $38.19 each, for a total of $158,374. This was a tax-withholding disposition of vested awards, not an open-market sale.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed within the normal 2-business-day Form 4 window).
• Shares withheld/disposed: 4,147 shares at $38.19 per share; total value ≈ $158,374.
• Shares owned after transaction: Not reported in the provided filing excerpt.
• Footnote: Represents shares withheld by the issuer to cover taxes due upon vesting (tax withholding, code F).
• Transaction type: Tax withholding on vested awards (not a purchase or open-market sale).

Context
This was a routine tax-withholding action tied to award vesting (a common "cashless" method where the company retains shares to cover tax obligations). Such withholding transactions are administrative and do not necessarily indicate the insider's view on the company's stock.