Bentley Systems CLO reports tax share withholding
Bentley Systems Inc. Chief Legal Officer David R. Shaman reported a tax-withholding disposition of 1,040 shares of Class B Common Stock on August 2, 2026 at a volume weighted average price of $35.68.
Rhea-AI Filing Summary
Bentley Systems Inc. Chief Legal Officer David R. Shaman reported a tax-withholding disposition of 1,040 shares of Class B Common Stock on August 2, 2026 at a volume weighted average price of $35.68. The shares were withheld by the company to cover taxes due on a scheduled distribution from its Non-Qualified Deferred Compensation Plan. After this event he held 629,346 shares directly, plus additional indirect holdings through Grantor Retained Annuity Trusts, a spouse‑trustee account, and a 401(k) plan; his direct holdings include shares acquired via the Global Employee Stock Purchase Plan for an offering period ended June 30, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 1,040 shares
Tax Withholding
4 txns
Insider
Shaman David R.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock F1, F2, F3 | 1,040 | $35.68 | $37K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 629,346 shares (Direct);
Class B Common Stock — 279,308 shares (Indirect, By Grantor Retained Annuity Trusts);
Class B Common Stock — 80,000 shares (Indirect, By Spouse Trustee);
Class B Common Stock — 32,635 shares (Indirect, By 401(K) Plan)
Footnotes (3)
- F1. Represents shares of Class B Common Stock withheld by the Issuer to cover taxes due by the Reporting Person upon a scheduled distribution of Class B Common Stock from the Issuer's Non-Qualified Deferred Compensation Plan.
- F2. Represents the volume weighted average price of the Issuer's Class B Common Stock as calculated pursuant to the Issuer's Non-Qualified Deferred Compensation Plan.
- F3. Includes shares of Class B Common Stock acquired by the Reporting Person through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period ended on June 30, 2026 for which the Reporting Person's enrollment and contribution elections were made in December 2025.
Key Figures
Shares withheld for taxes: 1040.0000 shares
Tax withholding price: 35.6800 per share
Direct holdings after transaction: 629346.0000 shares
+3 more
6 metrics
Shares withheld for taxes
1040.0000 shares
Class B Common Stock withheld on August 2, 2026 for tax liability
Tax withholding price
35.6800 per share
Volume weighted average price under the Non-Qualified Deferred Compensation Plan
Direct holdings after transaction
629346.0000 shares
Class B Common Stock directly held by David R. Shaman after withholding
GRAT indirect holdings
279308.0000 shares
Class B shares held indirectly via Grantor Retained Annuity Trusts
Spouse trustee holdings
80000.0000 shares
Class B shares held indirectly with spouse as trustee
401(k) plan holdings
32635.0000 shares
Class B shares held indirectly through a 401(k) plan
Key Terms
Non-Qualified Deferred Compensation Plan, Global Employee Stock Purchase Plan, Grantor Retained Annuity Trusts, volume weighted average price
4 terms
Non-Qualified Deferred Compensation Plan financial
"distribution from the Issuer's Non-Qualified Deferred Compensation Plan"
An arrangement where an employer agrees to pay part of an employee’s salary or bonus at a later date, often to attract or keep key staff. Think of it as a company IOU or a delayed paycheck held on the company’s books rather than in a protected retirement account; investors care because these promises create future cash obligations that are typically unsecured and depend on the company’s financial health, affecting risk, liabilities, and cash-flow planning.
Global Employee Stock Purchase Plan financial
"acquired by the Reporting Person through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan"
Grantor Retained Annuity Trusts financial
"indirect ownership noted as By Grantor Retained Annuity Trusts"
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
volume weighted average price financial
"Represents the volume weighted average price of the Issuer's Class B Common Stock"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BSY executive David R. Shaman report?
David R. Shaman reported a tax-withholding disposition of 1,040 Class B shares on August 2, 2026 at $35.68 per share. The shares were withheld by Bentley Systems to cover taxes on a scheduled distribution from its Non-Qualified Deferred Compensation Plan, not an open-market sale.
How was the $35.68 price in the BSY Form 4 transaction determined?
The reported $35.68 price is the volume weighted average price of Bentley Systems Class B Common Stock. It was calculated under the terms of the company’s Non-Qualified Deferred Compensation Plan and used to value the 1,040 shares withheld for tax obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.
