Bentley Systems (BSY) CFO receives 243 dividend-equivalent Class B shares

Rhea-AI Filing Summary

Bentley Systems Chief Financial Officer Andre Werner reported an acquisition of 243 shares of Class B common stock on 2026-03-19. These were granted at no cost as dividend equivalent rights linked to previously granted equity awards.

After this grant, Werner directly holds 376,868 Class B shares. The new rights will vest on the same schedule and terms as the original awards, indicating a routine, compensation-related adjustment rather than an open‑market stock purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Andre Werner

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	243	$0.00	--

Holdings After Transaction: Class B Common Stock — 376,868 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Andre Werner

(Last) (First) (Middle)

C/O BENTLEY SYSTEMS, INCORPORATED

685 STOCKTON DRIVE

(Street)

EXTON PENNSYLVANIA 19341

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BENTLEY SYSTEMS INC [ BSY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	03/19/2026		A(1)		243	A	$0.00	376,868	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid by the Issuer on awards previously granted and vest on the same terms as the awards to which they relate.

	/s/ Michael T. Fischette, Attorney-in-Fact	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Bentley Systems (BSY) report for Andre Werner?

Bentley Systems reported that CFO Andre Werner acquired 243 shares of Class B common stock on 19 March 2026. These were dividend equivalent rights granted at no cost, tied to a company dividend on previously granted equity awards and vesting on the same schedule.

Were Andre Werner’s new Bentley Systems (BSY) shares an open-market purchase?

No, the 243 shares were not bought in the open market. They represent dividend equivalent rights credited because of a dividend on earlier equity awards, granted at a zero dollar price and vesting under the same terms as the original awards rather than through a cash transaction.

How many Bentley Systems (BSY) shares does Andre Werner hold after this transaction?

Following the grant of 243 dividend equivalent rights, Andre Werner directly holds 376,868 shares of Bentley Systems Class B common stock. This filing shows his post-transaction ownership position, providing context that the newly credited amount is small relative to his existing holdings.

What are dividend equivalent rights in the Bentley Systems (BSY) Form 4 filing?

Dividend equivalent rights are additional share units credited when a company pays dividends on previously granted awards. In this case, 243 rights accrued to Andre Werner and will vest on the same terms and schedule as the underlying Bentley Systems equity awards to which they relate.

Does Andre Werner’s Form 4 for Bentley Systems (BSY) indicate any share sales?

The Form 4 does not report any share sales by Andre Werner. It shows only one acquisition transaction for 243 Class B shares as a grant of dividend equivalent rights, with no dispositions, exercises, tax withholdings, or gifts disclosed in the summarized insider activity.