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Bentley Systems (BSY) CTO reports RSU vesting and tax share withholding

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Bentley Systems, Inc. Chief Technology Officer Julien Moutte reported equity-related transactions in Class B common stock. On January 23, 2026, he acquired 17,240 shares of Class B common stock at $38.84 per share, representing shares delivered upon the vesting of previously granted performance-based restricted stock units. On the same date, 8,459 shares of Class B common stock at $38.84 per share were withheld by Bentley Systems to cover taxes related to that vesting. Following these transactions, Moutte beneficially owned 77,916 shares of Class B common stock held directly, which includes shares acquired through the company’s Global Employee Stock Purchase Plan for an offering period that ended on December 31, 2025.

Positive

  • None.

Negative

  • None.
Insider Moutte Julien
Role Chief Technology Officer
Type Security Shares Price Value
Grant/Award Class B Common Stock 17,240 $38.84 $670K
Tax Withholding Class B Common Stock 8,459 $38.84 $329K
Holdings After Transaction: Class B Common Stock — 86,215 shares (Direct)
Footnotes (1)
  1. Represents shares acquired upon the vesting of performance-based restricted stock units previously granted to the Reporting Person. Represents shares withheld by the Issuer to cover taxes upon the vesting of performance-based restricted stock units previously granted to the Reporting Person. 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 December 31, 2025 for which the Reporting Person's enrollment and contribution elections were made in June 2025.
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*
Moutte Julien
(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 Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026
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 01/23/2026 A(1) 17,240 A $38.84 86,215 D
Class B Common Stock 01/23/2026 F(2) 8,459 D $38.84 77,916(3) 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 shares acquired upon the vesting of performance-based restricted stock units previously granted to the Reporting Person.
2. Represents shares withheld by the Issuer to cover taxes upon the vesting of performance-based restricted stock units previously granted to the Reporting Person.
3. 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 December 31, 2025 for which the Reporting Person's enrollment and contribution elections were made in June 2025.
/s/ Michael T. Fischette, Attorney-in-Fact 01/27/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Bentley Systems (BSY) report for Julien Moutte?

Bentley Systems reported that Chief Technology Officer Julien Moutte acquired 17,240 shares of Class B common stock on January 23, 2026 upon vesting of performance-based restricted stock units.

Why were some Bentley Systems (BSY) shares withheld in this Form 4?

The Form 4 states that 8,459 shares of Class B common stock were withheld by Bentley Systems on January 23, 2026 to cover taxes due upon the vesting of performance-based restricted stock units previously granted to Julien Moutte.

How many Bentley Systems (BSY) shares does Julien Moutte own after the reported transactions?

After the reported transactions, Julien Moutte beneficially owned 77,916 shares of Bentley Systems Class B common stock held directly.

What type of equity awards vested for Bentley Systems (BSY) CTO Julien Moutte?

The equity awards that vested were performance-based restricted stock units, which converted into 17,240 shares of Class B common stock for Julien Moutte.

Does the Form 4 mention an employee stock purchase plan for Bentley Systems (BSY)?

Yes. The filing notes that Julien Moutte’s 77,916 shares of Class B common stock include shares acquired through the Bentley Systems, Incorporated Global Employee Stock Purchase Plan for an offering period that ended on December 31, 2025.

Is Julien Moutte’s ownership in Bentley Systems (BSY) direct or indirect?

The Form 4 indicates that all reported holdings of 77,916 shares of Class B common stock are held with direct ownership.