Bentley Systems (BSY) chair reports stock award and tax withholding in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bentley Systems Inc. executive chair and president Gregory S. Bentley reported routine equity compensation and related tax withholding in Class B Common Stock. He received a grant of 62,032 shares at $32.65 per share as stock compensation under the issuer's Bonus Pool Plan, and 27,133 shares at the same price were withheld by the company to cover taxes on this payment. After these transactions, he holds 7,679,892 Class B shares directly, plus 92,654 shares held through a 401(k) plan and 29,155 shares held by his spouse, all reported as indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BENTLEY GREGORY S
Role
Executive Chair & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock | 62,032 | $32.65 | $2.03M |
| Tax Withholding | Class B Common Stock | 27,133 | $32.65 | $886K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 7,679,892 shares (Direct, null);
Class B Common Stock — 29,155 shares (Indirect, By spouse)
Footnotes (1)
- Represents the stock portion of compensation paid to the Reporting Person pursuant to the Issuer's Bonus Pool Plan (the "Bonus Pool Payment"). Represents shares withheld by the Issuer to cover taxes owed by the Reporting Person in respect of the Bonus Pool Payment.
Key Figures
Stock grant: 62,032 shares at $32.65
Tax withholding shares: 27,133 shares at $32.65
Direct holdings after transactions: 7,679,892 shares
+3 more
6 metrics
Stock grant
62,032 shares at $32.65
Class B Common Stock compensation under Bonus Pool Plan
Tax withholding shares
27,133 shares at $32.65
Shares withheld to cover taxes on Bonus Pool Payment
Direct holdings after transactions
7,679,892 shares
Class B Common Stock held directly following Form 4 transactions
401(k) indirect holdings
92,654 shares
Class B Common Stock held indirectly via 401(k) plan
Spousal indirect holdings
29,155 shares
Class B Common Stock held indirectly by spouse
Estimated grant value
$2,025,045
62,032 shares multiplied by $32.65 per share
Key Terms
Bonus Pool Plan, Bonus Pool Payment, tax-withholding disposition, Class B Common Stock, +1 more
5 terms
Bonus Pool Plan financial
"compensation paid to the Reporting Person pursuant to the Issuer's Bonus Pool Plan"
Bonus Pool Payment financial
"pursuant to the Issuer's Bonus Pool Plan (the "Bonus Pool Payment")"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Class B Common Stock financial
"security_title": "Class B Common Stock""
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.
401(K) Plan financial
"nature_of_ownership": "By 401(K) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What insider transactions did Bentley Systems (BSY) report for Gregory S. Bentley?
Gregory S. Bentley reported stock compensation and related tax withholding in Class B Common Stock. He received 62,032 shares as a Bonus Pool Plan award, while 27,133 shares were withheld by the company to cover taxes linked to that compensation.
Was there an open-market sale or purchase in this Bentley Systems (BSY) Form 4?
The Form 4 does not show any open-market buy or sell. It reports a stock grant of 62,032 shares as compensation and a tax-withholding disposition of 27,133 shares, where the issuer withheld shares to pay taxes rather than executing a market transaction.
What is the significance of the tax-withholding disposition in Bentley Systems (BSY) insider filing?
The tax-withholding disposition reflects 27,133 shares withheld at $32.65 to cover taxes on the stock compensation. This is a common administrative step when equity awards vest, and it does not represent an open-market sale by Gregory S. Bentley.
What plan provided the stock compensation in this Bentley Systems (BSY) Form 4?
The stock compensation came from Bentley Systems’ Bonus Pool Plan. The filing states the 62,032 Class B shares represent the stock portion of compensation paid to Gregory S. Bentley under this plan, described as the Bonus Pool Payment in the footnotes.