Shaman David R. 4

What Happened

• David R. Shaman, Chief Legal Officer of Bentley Systems Inc (BSY), had 4,587 shares withheld by the company to satisfy tax withholding obligations related to vested awards. The withholding was recorded as a disposition at a reported price of $38.19 per share, for a total value of $175,178.
• This was a tax-withholding (cashless) disposition tied to vesting of previously granted awards, not an open-market sale intended to transfer economic exposure.

Key Details

• Transaction date: 2026-03-13
• Price per share: $38.19; Shares withheld/disposed: 4,587; Total value: $175,178
• Shares owned after the transaction: not specified in the provided filing excerpt
• Footnote: F1 — shares were withheld by the issuer to cover taxes due upon vesting of awards
• Filing timeliness: no late-filing flag provided in the supplied data

Context

• This is a routine tax-withholding event (often called a cashless or net settlement) that occurs when equity awards vest and the company retains some shares to cover taxes. Such transactions generally reflect compensation mechanics rather than a direct signal of insider buying or selling sentiment.