Andre Werner 4

What Happened

• Andre Werner, CFO of Bentley Systems (BSY), had 1,503 shares withheld by the issuer on 2026-03-17 to cover taxes due upon the vesting of previously granted awards. The shares were valued at $37.88 each, for a total of approximately $56,934. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date and price: 2026-03-17 at $37.88 per share.
• Shares disposed: 1,503 (withheld by issuer to satisfy tax withholding obligations).
• Total value: approximately $56,934.
• Transaction code: F (tax withholding).
• Footnote: F1 — shares were withheld by the issuer to cover taxes due upon vesting of awards previously granted to the reporting person.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Form filed 2026-03-19 for a 2026-03-17 transaction (filed within the typical two-business-day window).

Context

• This is a routine tax-withholding event (issuer withholding shares to cover payroll/tax obligations on vested awards), which should not be interpreted the same as an open-market sale. It reflects settlement of tax liabilities on equity compensation rather than a signal of insider sentiment.