Bentley Systems CLO has 6,665 shares withheld
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
BENTLEY SYSTEMS INC (BSY) reported that Chief Legal Officer David R. Shaman had 6,665 shares of Class B Common Stock withheld on August 31, 2026 to pay tax liabilities in connection with a scheduled distribution from the issuer's Non-Qualified Deferred Compensation Plan, at a reference price of $36.75 per share. Following this tax-withholding disposition, he held 622,681 Class B shares directly, plus additional indirect holdings through Grantor Retained Annuity Trusts, a spouse trustee account, and a 401(k) plan. No transactions were reported under a Rule 10b5-1 trading plan.
Insider Trade Summary
Tax Withholding: 6,665 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 | 6,665 | $36.75 | $245K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 622,681 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 (1)
- 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.
Key Figures
Shares withheld for taxes: 6,665 shares of Class B Common Stock
Reference price per share: $36.75 per share
Direct Class B shares after transaction: 622,681 shares
+3 more
6 metrics
Shares withheld for taxes
6,665 shares of Class B Common Stock
Withheld on August 31, 2026 to cover tax liability on a deferred compensation distribution
Reference price per share
$36.75 per share
Price associated with the 6,665-share tax-withholding disposition on August 31, 2026
Direct Class B shares after transaction
622,681 shares
Direct holdings of the reporting person following the August 31, 2026 transaction
Indirect Class B shares by Grantor Retained Annuity Trusts
279,308 shares
Indirect ownership reported as held by Grantor Retained Annuity Trusts
Indirect Class B shares by Spouse Trustee
80,000 shares
Indirect ownership reported as held by spouse as trustee
Indirect Class B shares by 401(k) Plan
32,635 shares
Indirect ownership reported as held by 401(k) Plan
Key Terms
Non-Qualified Deferred Compensation Plan, Grantor Retained Annuity Trusts, Class B Common Stock
3 terms
Non-Qualified Deferred Compensation Plan financial
"scheduled distribution of Class B Common Stock 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.
Grantor Retained Annuity Trusts financial
"Indirect ownership nature listed 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.
Class B Common Stock financial
"Represents shares of Class B Common Stock withheld by the Issuer"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did BSY’s Chief Legal Officer report on August 31, 2026?
He reported a withholding of 6,665 Class B shares by Bentley Systems to cover tax liabilities arising from a scheduled distribution under the company’s Non-Qualified Deferred Compensation Plan, at a reference price of $36.75 per share.
Did the BSY insider sale on this Form 4 involve an open-market transaction?
No. The filing shows a code F transaction, meaning 6,665 shares of Class B Common Stock were withheld by the issuer to pay tax liabilities, rather than sold in the open market.
What indirect BSY holdings are reported for the Chief Legal Officer?
Indirect holdings reported include 279,308 Class B shares held by Grantor Retained Annuity Trusts, 80,000 shares held “By Spouse Trustee,” and 32,635 shares held “By 401(K) Plan.”
Was the BSY Form 4 transaction made under a Rule 10b5-1 plan?
No. The document-level checkbox indicates no Rule 10b5-1 trading plan for the reported transactions, and the footnotes describe the event solely as shares withheld for taxes on a scheduled distribution.
AI-generated analysis. How Rhea-AI works. Not financial advice.
