SEC Filing Analysis: BENTLEY SYSTEMS INC (BSY)

Executive Summary

• Trading Significance: Low
• Key Takeaway: The Chief Financial Officer received 157 shares as dividend equivalent rights on existing awards, a routine, non-cash transaction with zero market value.
• Market Impact: Negligible. The transaction represents an infinitesimal fraction of the company's shares outstanding and has no investment signal.

Company Information

Field	Value
Company	BENTLEY SYSTEMS INC
Ticker Symbol	BSY
CIK	0001031308
Industry	SERVICES-PREPACKAGED SOFTWARE [7372]

Insider Information

Field	Value
Name	Andre Werner
CIK	0001825257
Title/Position	Chief Financial Officer
Relationship	Officer

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-12-11
Transaction Code	A (Grant, award, or other acquisition)
Security Type	Class B Common Stock
Shares Involved	157
Price Per Share	$0.00
Total Value	$0
Shares Owned After	351,363
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$0
% of Market Cap	0.0%
Shares Transacted	157
% of Shares Outstanding	0.00005%
Post-Transaction Ownership	351,363 shares (0.12% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: With a market capitalization of $13.10 billion, this $0 transaction is immaterial.
• Ownership Concentration: The CFO's ownership remains low at approximately 0.12% of total shares outstanding.
• Dilution Impact: The issuance of 157 shares represents a negligible dilution (0.00005%) to existing shareholders.
• Transaction Significance: The transaction is a non-event from a market perspective, classified as a routine administrative grant related to dividends.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: This is a non-market transaction with a value of $0. It is a standard accrual of dividend equivalents and does not reflect any new investment decision by the insider.

Volume & Sentiment

• Expected Volume Impact: None. This transaction did not occur on the open market.
• Sentiment Indicator: Neutral. The filing provides no new information to influence market sentiment.

Additional Context

Transaction Notes

• Special Circumstances: The footnote confirms this transaction represents "dividend equivalent rights that accrued to the Reporting Person in connection with a dividend paid by the Issuer on awards previously granted."