Bentley Raymond B. 4

What Happened Raymond B. Bentley, reported as a 10% owner of Bentley Systems (BSY), was credited with 1,671 shares via an award (transaction code A) on 2026-03-19. The shares were recorded at $0.00 each (total reported value $0), reflecting dividend-equivalent rights that converted into award shares rather than a cash purchase.

Key Details

• Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (appears timely under Section 16 rules).
• Security received: 1,671 shares; price per share: $0.00; total reported value: $0.
• Footnote: These are dividend equivalent rights that accrued in connection with a dividend and vest on the same terms as the underlying awards (Footnote F1).
• Shares owned after the transaction: not specified in the filing.
• Transaction type: Award/grant (A). No sale or cash purchase occurred.

Context This filing reports an award issuance from dividend-equivalent rights converting into shares—common when companies credit dividend equivalents on outstanding awards. As a 10% owner, this is a Section 16 reporting item from a large shareholder and does not by itself indicate a buy or sell decision by management.