Dividend equivalents give Bentley (BSY) director 86 Class B shares

Rhea-AI Filing Summary

Griswold Kirk B. reported acquisition or exercise transactions in this Form 4 filing.

Bentley Systems director Kirk B. Griswold received an award of 86 shares of Class B Common Stock on June 11, 2026. The shares represent dividend equivalent rights that accrued on previously granted awards when Bentley paid a dividend.

These dividend equivalent rights will vest on the same terms as the underlying awards they relate to, so they follow the original vesting schedule rather than vesting immediately. After this grant, Griswold directly holds a total of 468,117 shares of Class B Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Griswold Kirk B.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	86	$0.00	--

Holdings After Transaction: Class B Common Stock — 468,117 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 86 shares Holdings after transaction: 468,117 shares Transaction price per share: $0.0000 per share +2 more

5 metrics

Shares granted 86 shares Dividend equivalent rights on June 11, 2026

Holdings after transaction 468,117 shares Class B Common Stock directly held after award

Transaction price per share $0.0000 per share Award of dividend equivalent rights

Transaction code Code A Grant, award, or other acquisition

Transaction direction acquire Non-derivative acquisition of Class B Common Stock

Key Terms

dividend equivalent rights, Class B Common Stock, grant/award acquisition, Form 4

4 terms

dividend equivalent rights financial

"Represents dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

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.

grant/award acquisition financial

"transaction_action: grant/award acquisition"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Griswold Kirk B.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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	06/11/2026		A(1)		86	A	$0.00	468,117	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	06/15/2026
	** 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 did the Bentley Systems (BSY) Form 4 report for Kirk B. Griswold?

The Form 4 shows director Kirk B. Griswold received 86 shares of Bentley Systems Class B Common Stock as a dividend-equivalent award. These shares accrued in connection with a dividend paid on previously granted equity awards and follow the same vesting terms as those awards.

How many Bentley Systems (BSY) shares does Kirk B. Griswold hold after this transaction?

After this award, Kirk B. Griswold directly holds 468,117 shares of Bentley Systems Class B Common Stock. The 86 new shares are dividend equivalent rights tied to prior awards, increasing his direct position while vesting on the same schedule as the underlying grants.

What is the nature of the 86 Bentley Systems (BSY) shares granted to Kirk B. Griswold?

The 86 shares are dividend equivalent rights, meaning additional shares credited because Bentley paid a dividend on previously granted awards. They do not have a cash purchase price and will vest under the same conditions as the original equity awards they track.

Was there a purchase or sale of Bentley Systems (BSY) shares in this Form 4?

No purchase or sale occurred; the Form 4 reports an acquisition coded as an award (Code A). Kirk B. Griswold received 86 Class B shares as dividend equivalent rights, increasing his direct holdings without an open-market transaction or a stated share price.

Does the Bentley Systems (BSY) Form 4 indicate any derivative securities for Kirk B. Griswold?

The filing’s derivative section is empty, indicating no new option, warrant, or other derivative transactions in this report. The only activity disclosed is the 86-share dividend-equivalent grant of Class B Common Stock and the updated total holding of 468,117 shares.