Dividend share award increases Bentley Systems (BSY) CTO equity stake

Rhea-AI Filing Summary

Moutte Julien reported acquisition or exercise transactions in this Form 4 filing.

Bentley Systems Chief Technology Officer Julien Moutte received a grant of 173 shares of Class B Common Stock on March 19, 2026. The filing classifies this as a grant or award, not an open-market purchase.

According to the footnote, these shares represent dividend equivalent rights that accrued on previously granted awards when the company paid a dividend. They will vest on the same terms as the underlying awards. After this grant, Moutte directly holds a total of 93,173 shares of Class B Common Stock, making this a small, routine increase in his equity-based compensation.

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

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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^*

Moutte Julien

(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 Technology 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)		173	A	$0.00	93,173	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 CTO Julien Moutte?

Bentley Systems reported that CTO Julien Moutte received 173 shares of Class B Common Stock as a grant. These shares stem from dividend equivalent rights on prior awards and increase his directly held position to 93,173 shares following the transaction.

Was the Bentley Systems (BSY) CTO’s Form 4 transaction a stock purchase or sale?

The Form 4 for Bentley Systems’ CTO reports a grant, not a market trade. The 173 shares were acquired as dividend equivalent rights on existing awards, classified as a compensation-related grant rather than an open-market buy or sell transaction.

How many Bentley Systems (BSY) shares does the CTO hold after this Form 4 grant?

Following the grant reported in the Form 4, Bentley Systems CTO Julien Moutte directly holds 93,173 shares of Class B Common Stock. The new 173-share grant is a relatively small addition to his existing equity position at the company.

What are the dividend equivalent rights granted to Bentley Systems (BSY) CTO?

The 173 shares granted to the Bentley Systems CTO are dividend equivalent rights tied to earlier awards. They accrued when the company paid a dividend and will vest on the same schedule and terms as the underlying stock awards that generated them.

Does the Bentley Systems (BSY) CTO’s grant indicate a change in ownership control?

The reported grant does not indicate any change in control. It is a routine compensation-related grant of 173 shares from dividend equivalent rights, modest compared with the CTO’s total 93,173 shares of Class B Common Stock held after the transaction.