Bentley Systems grants 19,769 RSUs to CRO

Ballard Brock reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ballard Brock reported acquisition or exercise transactions in this Form 4 filing.

Bentley Systems reported that Chief Revenue Officer Brock Ballard received a grant of 19,769 shares of Class B common stock as a time-based restricted stock unit award. The award was granted at no cash cost and will vest over four years, with one-quarter vesting on each grant date anniversary. Following this compensation grant, Ballard directly holds 98,112 shares.

Insights

Equity compensation analyst

Routine four-year RSU grant to CRO, no open-market trade.

The transaction reflects a compensation grant of 19,769 restricted stock units of Class B common stock to Chief Revenue Officer Brock Ballard under Bentley Systems' 2020 Omnibus Incentive Plan. The grant carries a zero-dollar transaction price, indicating no open-market purchase.

The award vests over four years, with one-quarter vesting on each grant date anniversary, aligning incentives with longer-term company performance. After the grant, Ballard directly holds 98,112 shares of Class B common stock. With no sales, this filing primarily documents equity-based compensation rather than a market signal.

Insider Trade Summary

Grant/Award: 19,769 shares

Grant/Award 1 txn

Insider Ballard Brock

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	19,769	$0.00	$0.00

Holdings After Transaction: Class B Common Stock — 98,112 shares (Direct)

Footnotes (1)

1. F1. Represents a time-based restricted stock unit award granted pursuant to the Issuer's 2020 Omnibus Incentive Plan which vests over four years with one-quarter of such award vesting on each grant date anniversary.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Bentley Systems (BSY) disclose about Brock Ballard in this Form 4?

Bentley Systems disclosed that Chief Revenue Officer Brock Ballard received a grant of 19,769 shares of Class B common stock as a time-based restricted stock unit award, increasing his direct holdings to 98,112 shares after the transaction.

Was the Bentley Systems (BSY) Form 4 transaction a stock purchase or a compensation grant?

The Form 4 shows a compensation grant, not an open-market purchase. Brock Ballard received 19,769 shares of Class B common stock as a restricted stock unit award with a reported price of $0.0000 per share under the 2020 Omnibus Incentive Plan.

How do Brock Ballard’s new restricted stock units at Bentley Systems (BSY) vest?

The restricted stock unit award vests over four years. One-quarter of the 19,769-share award will vest on each anniversary of the grant date, creating a multi-year incentive tied to continued service and company performance.

How many Bentley Systems (BSY) shares does Brock Ballard hold after this Form 4 transaction?

After the reported grant, Brock Ballard directly holds 98,112 shares of Bentley Systems Class B common stock. This total includes the newly granted 19,769 restricted stock unit shares documented in the Form 4 filing.

Does the Bentley Systems (BSY) Form 4 show any insider stock sales by Brock Ballard?

The Form 4 does not show any sales. It reports a single acquisition transaction coded “A,” representing a grant or award of 19,769 restricted stock unit shares, with no dispositions or open-market trades indicated in the summary data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/10/2026 - 04:16 PM Learn about SEC filing dates

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 PA 19341

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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

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

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

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	03/06/2026		A(1)		19,769	A	$0.00	98,112	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 a time-based restricted stock unit award granted pursuant to the Issuer's 2020 Omnibus Incentive Plan which vests over four years with one-quarter of such award vesting on each grant date anniversary.

	/s/ Michael T. Fischette, Attorney-in-Fact	03/10/2026
	** 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.