Bentley Systems (BSY) CRO receives 202 Class B shares via dividend-equivalent grant

Rhea-AI Filing Summary

BENTLEY SYSTEMS INC Chief Revenue Officer receives additional equity-based compensation. On June 11, 2026, Brock Ballard acquired 202 shares of Class B Common Stock at $0.00 per share through a grant classified as a dividend-equivalent award. Following this award, he directly holds 94,037 shares of Class B Common Stock. The dividend-equivalent rights will vest on the same terms as the underlying awards to which they relate.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ballard Brock

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	202	$0.00	--

Holdings After Transaction: Class B Common Stock — 94,037 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 202 shares Price per share: $0.00 per share Shares held after: 94,037 shares +1 more

4 metrics

Shares acquired 202 shares Class B Common Stock grant on June 11, 2026

Price per share $0.00 per share Dividend-equivalent award, non-market transaction

Shares held after 94,037 shares Direct Class B Common Stock holdings post-transaction

Transaction code A (grant, award, or other acquisition) Non-derivative equity award classification

Key Terms

dividend equivalent rights, Class B Common Stock, grant, award, or other acquisition

3 terms

dividend equivalent rights financial

"Represents dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid by the Issuer on awards previously granted"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Class B Common Stock financial

"security_title: Class B Common Stock reported as the non-derivative security"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition describing the nature of the Form 4 transaction"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Ballard Brock

(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 Revenue Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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	06/11/2026		A(1)		202	A	$0.00	94,037	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	06/15/2026
	** 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 did Bentley Systems (BSY) disclose in this Form 4 for Brock Ballard?

Bentley Systems reported that Chief Revenue Officer Brock Ballard received a grant of 202 shares of Class B Common Stock at $0.00 per share. These shares reflect dividend-equivalent rights tied to earlier awards and vest on the same terms as those underlying awards.

How many Bentley Systems (BSY) shares did the CRO acquire in this transaction?

The Chief Revenue Officer acquired 202 shares of Bentley Systems Class B Common Stock. The award represents dividend-equivalent rights accruing from a dividend on previously granted awards and is treated as additional equity-based compensation rather than an open-market purchase.

What is Brock Ballard’s Bentley Systems (BSY) shareholding after this Form 4 transaction?

After the award, Brock Ballard directly holds 94,037 shares of Bentley Systems Class B Common Stock. This updated balance reflects the addition of 202 dividend-equivalent shares granted in connection with dividends on his prior equity awards.

What are dividend-equivalent rights in the context of Bentley Systems (BSY) awards?

Dividend-equivalent rights are additional share rights that accrue when the company pays a dividend on previously granted awards. For Bentley Systems, these rights vest on the same terms as the underlying awards, effectively increasing the recipient’s equity position if vesting conditions are met.

Was the Bentley Systems (BSY) Form 4 transaction a market purchase or sale?

The filing shows no market purchase or sale. Instead, the Chief Revenue Officer received 202 shares at $0.00 per share as a grant classified as a dividend-equivalent award, which is compensation-related rather than an open-market transaction.