| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BSY | Class B Common Stock | Award | $3,380,629 | +88,221 | +1.1% | $38.32 | 8,387,006 | 24 Jan 2023 | Direct | F1 |
| transaction | BSY | Class B Common Stock | Tax liability | $1,496,549 | -39,054 | -0.47% | $38.32 | 8,347,952 | 24 Jan 2023 | Direct | F2 |
| transaction | BSY | Class B Common Stock | Sale | $1,920,736 | -50,110 | -0.6% | $38.33 | 8,297,842 | 24 Jan 2023 | Direct | F3, F4, F5 |
| transaction | BSY | Class B Common Stock | Sale | $500,353 | -13,524 | -0.16% | $37.00 | 8,284,318 | 25 Jan 2023 | Direct | F3, F4, F6 |
| holding | BSY | Class B Common Stock | 137,512 | 24 Jan 2023 | By spouse | ||||||
| holding | BSY | Class B Common Stock | 92,654 | 24 Jan 2023 | By 401(K) Plan |
| Id | Content |
|---|---|
| F1 | Represents the stock portion of compensation paid to the Reporting Person pursuant to the Company's (as defined below) Bonus Pool Plan (the "Bonus Pool Payment"). |
| F2 | Represents shares withheld by the Company to cover taxes owed by the Reporting Person in respect of the Bonus Pool Payment. |
| F3 | As previously disclosed by Bentley Systems, Incorporated (the "Company"), during the second quarter of 2022 the Company began to exercise its right to require that certain awardees of equity compensation and recipients of distributions from the Company's nonqualified deferred compensation plan receive vested awards and distributions (as applicable) in the form of gross quantities of Company Class B Common Stock (the "Common Stock") and to require such awardees and recipients to promptly reimburse the Company for their tax withholding amounts in cash. Prior to that election, all such vesting and distributions were made on a net basis, with the Company withholding shares of Common Stock in consideration of remitting withholding taxes on behalf of recipients. |
| F4 | Due to a 1,000 character limit, Footnote 4 is a continuation of Footnote 3: Accordingly, in light of this change in practice, the Reporting Person entered into a 10b5-1 trading plan (the "Plan") to sell previously-owned shares of Common Stock for the primary purpose of meeting his current and future tax withholding obligations. All sales reflected on this Form 4 were made pursuant to the Plan. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on January 24, 2023 at prices ranging from $38.21 to $38.665. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions on January 25, 2023 at prices ranging from $36.59 to $37.39. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. |