Lee James K 4

What Happened

• James K. Lee, Chief Operating Officer of Bentley Systems (BSY), was granted/acquired 375 shares on March 19, 2026. The shares were reported as acquired at $0.00, representing dividend-equivalent rights that accrued in connection with a company dividend and vest on the same terms as the underlying awards. Because this was an award (not a purchase), no cash was paid by the insider.

Key Details

• Transaction date: 2026-03-19; Filing date: 2026-03-23 (Form 4 filed timely).
• Transaction type/code: A — Grant/award or other acquisition of 375 shares at $0.00.
• Reported value: $0 (non-cash dividend-equivalent award); future value tied to Bentley’s stock price.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — these are dividend equivalent rights that accrued with a dividend and vest on the same terms as the related awards.
• Filing timeliness: Filed within the standard Form 4 reporting period (not indicated as late).

Context

• This transaction is a compensation-related grant (dividend equivalents), not an open-market buy or sale. Such awards are routine for executives and reflect compensation mechanics rather than a direct signal of personal buying or selling. The eventual economic value to the insider depends on Bentley’s future share price and any applicable vesting or forfeiture conditions.