Keith A. Bentley - Jan 24, 2023 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 24, 2023
Transactions value $
$1,677,956
Form type
4
Date filed
1/26/2023, 03:47 PM
Previous filing
Jan 5, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Award $504K +13.2K +0.08% $38.32 17.3M Jan 24, 2023 Direct F1
transaction BSY Class B Common Stock Award $2.1M +54.9K +0.32% $38.32 17.4M Jan 24, 2023 Direct F2
transaction BSY Class B Common Stock Tax liability -$929K -24.3K -0.14% $38.32 17.3M Jan 24, 2023 Direct F3
holding BSY Class B Common Stock 92.7K Jan 24, 2023 By 401(K) Plan
* 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.