Bentley Systems (BSY) CRO gains 163 dividend-based Class B shares

Rhea-AI Filing Summary

BENTLEY SYSTEMS INC reported that Chief Revenue Officer Brock Ballard acquired 163 shares of Class B Common Stock at a price of $0.00 per share. These shares represent dividend equivalent rights that accrued in connection with a dividend paid on previously granted awards.

The dividend equivalent rights will vest on the same terms as the original awards to which they relate. Following this compensation-related acquisition, Ballard directly holds 93,835 shares of Class B Common Stock, so the new grant is small relative to his overall reported position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ballard Brock

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock	163	$0.00	--

Holdings After Transaction: Class B Common Stock — 93,835 shares (Direct)

Footnotes (1)

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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^*

Ballard Brock

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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	03/19/2026		A(1)		163	A	$0.00	93,835	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	03/23/2026
	** 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 insider transaction did Bentley Systems (BSY) report for Brock Ballard?

Bentley Systems reported that Chief Revenue Officer Brock Ballard acquired 163 shares of Class B Common Stock. These were granted at $0.00 per share as dividend equivalent rights tied to previously granted awards and follow normal compensation-related processes.

What are the 163 Class B shares reported for Bentley Systems (BSY) insider Brock Ballard?

The 163 Class B shares are dividend equivalent rights that accrued when Bentley Systems paid a dividend on earlier awards. They vest on the same schedule and terms as the underlying awards, effectively increasing Ballard’s equity position without a cash purchase.

How many Bentley Systems (BSY) shares does Brock Ballard hold after this Form 4?

After the reported acquisition, Brock Ballard holds 93,835 shares of Bentley Systems Class B Common Stock directly. The 163-share grant is small compared with this total and arises from dividend equivalent rights on prior equity awards granted to him.

Was there any cash paid in Brock Ballard’s recent Bentley Systems (BSY) share acquisition?

No cash was paid for this transaction; the 163 Class B shares were issued at $0.00 per share. They represent dividend equivalent rights credited on existing awards when Bentley Systems paid a dividend, rather than an open-market stock purchase.

Do the dividend equivalent rights for Bentley Systems (BSY) insider Brock Ballard vest immediately?

The dividend equivalent rights do not vest immediately. They vest on the same terms as the underlying awards they relate to, meaning their vesting schedule mirrors the original equity grants previously awarded to Brock Ballard by Bentley Systems.