Thomas F. Trimback, Chief Accounting Officer of Bentley Systems, Incorporated, filed a statement of changes in beneficial ownership on October 27, 2026, reporting a tax-withholding transaction in Class B Common Stock dated October 25, 2026.

Key Highlights

  • Reporting person: Thomas F. Trimback, Chief Accounting Officer of Bentley Systems, Incorporated
  • Transaction type: 74 shares of Class B Common Stock disposed of (Code F) at $39.70 per share on October 25, 2026
  • Purpose of transaction: Shares were withheld by the issuer to cover taxes due upon the vesting of previously granted awards, according to the filing
  • Remaining ownership: Trimback directly holds 19,292 shares of Class B Common Stock following the transaction
  • Filing date: October 27, 2026, signed by Michael T. Fischette as Attorney-in-Fact

Trimback's Tax Withholding Transaction in Bentley Systems Class B Shares

According to the filing, Thomas F. Trimback, who serves as Chief Accounting Officer at Bentley Systems, Incorporated (NASDAQ:BSY), reported a single non-derivative transaction on October 25, 2026. The transaction involved 74 shares of Class B Common Stock disposed of at a price of $39.70 per share under transaction code F, which designates shares withheld by the issuer for tax purposes.

The filing's explanation of responses states that the shares represent amounts "withheld by the Issuer to cover taxes due by the Reporting Person upon the vesting of awards previously granted to the Reporting Person." This type of transaction, commonly associated with equity compensation programs, results in a reduction of shares held rather than an open-market sale. Bentley Systems is an infrastructure engineering software company whose shares trade on NASDAQ under the symbol BSY. Following the withholding, Trimback's direct beneficial ownership of Class B Common Stock stood at 19,292 shares, as reported in Table I of the filing. No derivative securities transactions were reported in Table II.

What Was Disclosed

The filing discloses that Bentley Systems withheld 74 Class B Common Stock shares from Chief Accounting Officer Thomas F. Trimback at $39.70 per share on October 25, 2026, to satisfy tax obligations arising from award vesting, leaving him with 19,292 shares held directly.