[Form 4] BENTLEY SYSTEMS INC Insider Trading Activity
Bentley Systems Chief Legal Officer David R. Shaman reported routine share movements related to tax withholding and indirect holdings in Class B Common Stock.
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 Chief Legal Officer David R. Shaman reported routine share movements related to tax withholding and indirect holdings in Class B Common Stock. The issuer withheld 5,287 shares at a volume weighted average price of $33.58 to cover taxes due on a scheduled distribution from the company’s Non-Qualified Deferred Compensation Plan.
After this tax-withholding disposition, Shaman directly holds 654,288 Class B shares. He also has indirect interests in 32,635 shares through a 401(k) plan, 55,527 shares held with his spouse as trustee, and 279,308 shares held by Grantor Retained Annuity Trusts.
Insider Trade Summary
Exercise Price or Tax Liability: 5,287 shares
Exercise Price or Tax Liability
4 txns
Insider
Shaman David R.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 5,287 | $33.58 | $178K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 654,288 shares (Direct);
Class B Common Stock — 279,308 shares (Indirect, By Grantor Retained Annuity Trusts);
Class B Common Stock — 55,527 shares (Indirect, By Spouse Trustee);
Class B Common Stock — 32,635 shares (Indirect, By 401(K) Plan)
Footnotes (2)
- 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.
Key Figures
Tax-withheld shares: 5,287 shares
Tax-withholding price: $33.58 per share
Direct holdings after transaction: 654,288 shares
+3 more
6 metrics
Tax-withheld shares
5,287 shares
Shares withheld to cover taxes on scheduled distribution
Tax-withholding price
$33.58 per share
Volume weighted average price under Non-Qualified Deferred Compensation Plan
Direct holdings after transaction
654,288 shares
Class B Common Stock held directly after tax withholding
Indirect 401(k) holdings
32,635 shares
Indirect Class B holdings via 401(k) plan
Indirect spouse trustee holdings
55,527 shares
Indirect Class B holdings by spouse as trustee
Indirect GRAT holdings
279,308 shares
Indirect Class B holdings by Grantor Retained Annuity Trusts
Key Terms
Non-Qualified Deferred Compensation Plan, Grantor Retained Annuity Trusts, volume weighted average price, Class B Common Stock, +1 more
5 terms
Non-Qualified Deferred Compensation Plan financial
"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
"nature_of_ownership: 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.
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Bentley Systems (BSY) report for David R. Shaman?
Bentley Systems reported that Chief Legal Officer David R. Shaman had 5,287 Class B shares withheld to cover taxes on a scheduled distribution from a Non-Qualified Deferred Compensation Plan. This is a tax-withholding event, not an open-market purchase or sale.
What are David R. Shaman’s direct Bentley Systems (BSY) holdings after this filing?
Following the reported tax-withholding disposition, David R. Shaman directly holds 654,288 shares of Bentley Systems Class B Common Stock. This figure reflects his direct ownership after 5,287 shares were withheld by the issuer to cover associated tax liabilities.
What indirect Bentley Systems (BSY) holdings are reported for David R. Shaman?
The filing lists indirect interests in 32,635 shares through a 401(k) plan, 55,527 shares held by his spouse as trustee, and 279,308 shares held by Grantor Retained Annuity Trusts. These positions are reported as indirect ownership of Class B Common Stock.
Was the Bentley Systems (BSY) Form 4 transaction an open-market sale or purchase?
No, the Form 4 describes a tax-withholding disposition labeled with transaction code F. Shares were withheld by the issuer to cover taxes on a scheduled distribution from a Non-Qualified Deferred Compensation Plan, rather than being bought or sold in the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
