David R. Shaman - 10 Jul 2023 Form 4 Insider Report for BENTLEY SYSTEMS INC (BSY)

Role
Chief Legal Officer
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Issuer symbol
BSY
Transactions as of
10 Jul 2023
Net transactions value
-$220,977
Form type
4
Filing time
12 Jul 2023, 16:15:31 UTC
Previous filing
22 Jun 2023
Next filing
03 Aug 2023
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 Tax liability $135,563 -2,610 -0.42% $51.94 626,248 10 Jul 2023 Direct F1, F2, F3
transaction BSY Class B Common Stock Tax liability $85,414 -1,626 -0.26% $52.53 624,622 10 Jul 2023 Direct F4
holding BSY Class B Common Stock 320,000 10 Jul 2023 By Grantor Retained Annuity Trusts
holding BSY Class B Common Stock 32,635 10 Jul 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 shares of Class B Common Stock withheld by the Issuer to cover taxes due by the Reporting Person upon a scheduled distribution of Class B Common Stock from the Issuer's Non-Qualified Deferred Compensation Plan.
F2 Represents a volume weighted average price of the Issuer's Class B Common Stock as calculated pursuant to the Issuer's Non-Qualified Deferred Compensation Plan.
F3 Includes shares of Class B Common Stock acquired by the Reporting Person through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period ended on June 30, 2023 for which the Reporting Person's enrollment and contribution elections were made in December 2022.
F4 Represents shares of Class B Common Stock withheld by the Issuer to cover taxes due by the Reporting Person upon the vesting of awards previously granted to the Reporting Person.