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

Role
Chief Legal Officer
Signature
/s/ Michael T. Fischette, Attorney-in-Fact
Stock symbol
BSY
Transactions as of
Jul 10, 2023
Transactions value $
-$220,977
Form type
4
Date filed
7/12/2023, 04:15 PM
Previous filing
Jun 22, 2023
Next filing
Aug 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSY Class B Common Stock Tax liability -$136K -2.61K -0.42% $51.94 626K Jul 10, 2023 Direct F1, F2, F3
transaction BSY Class B Common Stock Tax liability -$85.4K -1.63K -0.26% $52.53 625K Jul 10, 2023 Direct F4
holding BSY Class B Common Stock 320K Jul 10, 2023 By Grantor Retained Annuity Trusts
holding BSY Class B Common Stock 32.6K Jul 10, 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.