Keith A. Bentley - Jan 19, 2022 Form 4 Insider Report for BENTLEY SYSTEMS INC (BSY)

Role: Chief Technology Officer, Director, 10%+ Owner
Signature: /s/ Michael T. Fischette, Attorney-in-Fact
Stock symbol: BSY
Transactions as of: Jan 19, 2022
Transactions value $: $1,631,871
Form type: 4
Date filed: 1/21/2022, 03:55 PM
Previous filing: Jan 5, 2022
Next filing: Mar 17, 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BSY	Class B Common Stock	Award	$562K	+14.5K	+0.09%	$38.88	16.5M	Jan 19, 2022	Direct	F1
transaction	BSY	Class B Common Stock	Award	$1.92M	+49.3K	+0.3%	$38.88	16.6M	Jan 19, 2022	Direct	F2
transaction	BSY	Class B Common Stock	Tax liability	-$847K	-21.8K	-0.13%	$38.88	16.6M	Jan 19, 2022	Direct	F3
holding	BSY	Class B Common Stock						92.7K	Jan 19, 2022	By 401(K) Plan

Showing 1 to 4 of 4 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents compensation paid to the Reporting Person and deferred into the Issuer's non-qualified deferred compensation plan and invested in fully-vested phantom shares that are distributable to the Reporting Person as shares of Class B Common Stock at a future date in accordance with the terms of the plan and the Reporting Person's plan election.
F2	Represents the stock portion of compensation paid to the Reporting Person pursuant to the Issuer's Bonus Pool Plan (the "Bonus Pool Payment").
F3	Represents shares withheld by the Issuer to cover taxes owed by the Reporting Person in respect of the Bonus Pool Payment.