Bentley Systems (BSY) CTO awarded 20,493 Class B RSUs in equity grant

Rhea-AI Filing Summary

Moutte Julien reported acquisition or exercise transactions in this Form 4 filing.

Bentley Systems Chief Technology Officer Julien Moutte received a grant of 20,493 shares of Class B common stock in the form of time-based restricted stock units under the company’s 2020 Omnibus Incentive Plan. These units vest over four years, with one-quarter vesting on each anniversary of the grant date, bringing his direct holdings to 98,409 shares.

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

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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)
03/06/2026

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	03/06/2026		A(1)		20,493	A	$0.00	98,409	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 a time-based restricted stock unit award granted pursuant to the Issuer's 2020 Omnibus Incentive Plan which vests over four years with one-quarter of such award vesting on each grant date anniversary.

	/s/ Michael T. Fischette, Attorney-in-Fact	03/10/2026
	** 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.
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FAQ

What did Bentley Systems (BSY) CTO Julien Moutte report on this Form 4?

Julien Moutte reported receiving 20,493 shares of Class B common stock as a time-based restricted stock unit award. The award was granted under Bentley Systems’ 2020 Omnibus Incentive Plan as part of his compensation as Chief Technology Officer.

How many Bentley Systems (BSY) shares did Julien Moutte receive in this grant?

Julien Moutte received 20,493 shares of Class B common stock through a restricted stock unit award. The units were granted at no cash cost per share, reflecting equity-based compensation rather than an open-market purchase of Bentley Systems stock.

How do Julien Moutte’s new Bentley Systems (BSY) restricted stock units vest?

The restricted stock units vest over four years, with one-quarter of the 20,493-unit award vesting on each anniversary of the grant date. This time-based schedule ties Moutte’s equity compensation to continued service with Bentley Systems across multiple years.

What are Julien Moutte’s Bentley Systems (BSY) holdings after this Form 4 transaction?

Following the restricted stock unit grant, Julien Moutte directly holds 98,409 shares of Bentley Systems Class B common stock. This figure includes the newly granted 20,493 units, which will vest in stages over four years as specified in the award terms.

Was Julien Moutte’s Bentley Systems (BSY) Form 4 transaction a market purchase or sale?

The Form 4 reports an acquisition coded as a grant or award, not a market purchase or sale. Moutte received 20,493 time-based restricted stock units at a stated price of $0.0000 per share under Bentley Systems’ 2020 Omnibus Incentive Plan.