Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-27

Bentley Systems Inc (BSY)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$9,496,680
James Lee total, FY2025
Chief Operating Officerhighest-paid officer; CEO Nicholas Cumins: $4,815,961
5th
CEO (Nicholas Cumins) pay percentile vs peers
54:1
CEO-to-median pay ratio
96.6%
Say-on-pay support, latest vote
Companies that benchmark against BSY
11 companies name BSY as a compensation peer

Each company listed discloses BSY in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BSY in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
James Lee$387,949$0$8,676,219$0$381,889$0$50,623$9,496,680
Chief Operating Officer
Gregory Bentley200,00006,851,63202,209,066043,6619,304,359
Executive Chairperson and President
Nicholas Cumins791,60303,094,7660823,8990105,6934,815,961
Chief Executive Officer
Werner Andre539,62301,629,5900579,618044,7622,793,593
Chief Financial Officer
David Shaman482,06801,455,8320517,931056,0752,511,906
Chief Legal Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
James Lee$9,496,680
Gregory Bentley9,304,35916,418,06319,303,412−7,113,704
Nicholas Cumins4,815,96113,465,4072,591,650−8,649,446
Werner Andre2,793,5934,961,1742,205,835−2,167,581
David Shaman2,511,9064,736,982−2,225,076

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Gregory S. BentleyDirector2026-04-23A62,032$33$2,025,345CommonForm 4 ↗
Gregory S. BentleyDirector2026-04-23D27,13333885,892CommonForm 4 ↗
David ShamanChief Legal Officer2026-05-03D5,28734177,537CommonForm 4 ↗
Janet B. HaugenDirector2026-05-21A6,74900CommonForm 4 ↗
Brian F. HughesDirector2026-05-21A6,74900CommonForm 4 ↗
Kirk B. GriswoldDirector2026-05-21A6,74900CommonForm 4 ↗
Brock BallardChief Revenue Officer2026-06-11A20200CommonForm 4 ↗
Barry J. BentleyDirector2026-06-11A300CommonForm 4 ↗
Kirk B. GriswoldDirector2026-06-11A8600CommonForm 4 ↗
Raymond B. BentleyDirector2026-06-11A2,07600CommonForm 4 ↗
Keith A. BentleyDirector2026-06-11A1,05000CommonForm 4 ↗
David ShamanChief Legal Officer2026-06-11A62000CommonForm 4 ↗
Thomas F. TrimbackChief Accounting Officer2026-06-11A4200CommonForm 4 ↗
Julien MoutteChief Technology Officer2026-06-11A20100CommonForm 4 ↗
Gregory S. BentleyDirector2026-06-11A3,74900CommonForm 4 ↗
James LeeChief Operating Officer2026-06-11A46600CommonForm 4 ↗
Nicholas CuminsDirector2026-06-11A87800CommonForm 4 ↗
Werner AndreChief Financial Officer2026-06-11A30100CommonForm 4 ↗
David ShamanChief Legal Officer2026-07-08D7043222,282CommonForm 4 ↗
Gregory S. BentleyDirector2026-07-23A61,037301,838,434CommonForm 4 ↗
Gregory S. BentleyDirector2026-07-23D26,69830804,144CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David ShamanRSU2025-03-1318,148$727,916
Werner AndreRSU2025-03-1320,314814,795
Nicholas CuminsRSU2025-03-1324,122967,533
Gregory S. BentleyRSU145,1466,851,632
Nicholas CuminsRSU2025-03-1328,9131,159,700
James LeeRSU2025-01-22165,3447,698,417
James LeeRSU2025-03-1312,189488,901
David ShamanRSU2025-03-1318,148727,916
Nicholas CuminsRSU2025-03-1324,122967,533
James LeeRSU2025-03-1312,189488,901
Werner AndreRSU2025-03-1320,314814,795
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Shaman$1,455,832$0$00.0%
Werner Andre1,629,590000.0%
Nicholas Cumins3,094,766000.0%
Gregory S. Bentley6,851,632000.0%
James Lee8,676,219000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Werner AndreRSU20,441$780,117
Werner AndreRSU10,070384,320
David ShamanRSU2,39291,290
David ShamanRSU6,592251,601
Werner AndrePSU20,314775,284
Werner AndreRSU3,456131,884
Nicholas CuminsPSU24,122920,616
David ShamanPSU18,148692,618
Nicholas CuminsRSU29,0931,110,344
James LeeRSU12,265468,093
Werner AndreRSU7,563288,639
Nicholas CuminsRSU24,272926,356
James LeeRSU119,7904,571,794
Nicholas CuminsRSU161,9076,179,186
Werner AndreRSU40,4771,544,816
David ShamanRSU38,4571,467,708
David ShamanRSU17,532669,095
Nicholas CuminsRSU12,093461,531
James LeePSU12,189465,193
Nicholas CuminsRSU9,870376,686
David ShamanRSU8,517325,051
Nicholas CuminsRSU1,76767,445
Nicholas CuminsRSU5,732218,745
05

Incentive-plan design — the Compensation Discussion & Analysis

Total direct compensation is targeted to be competitive with peer companies and market practices, in consideration of each executive officer s scope of responsibility; A substantial portion of executive compensation is at-risk and is highly dependent on annual financial and operational performance that aligns with our stockholders interests and supports sustainable growth

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-21532,030,07018,740,8291,565,06096.6%Passed
20252025-05-22546,182,77718,262,78891,93196.76%Passed
20242024-05-23563,341,18112,180,000183,75897.88%Passed
20232023-05-25493,986,46817,735,513183,43896.53%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2196.6%a
20252025-05-2296.76%b
20242024-05-2397.88%c

a. Approved under the standard stated in the filing — “2), you may vote "FOR", "AGAINST," or "ABSTAIN." Abstentions are not considered votes for or against such proposal and, thus, will have no effect on the outcome of it.”.

b. Approved under the standard stated in the filing — “2), you may vote "FOR", "AGAINST," or "ABSTAIN." Abstentions are not considered votes for or against such proposal, and thus, will have no effect on the outcome of it.”.

c. Approved under the standard stated in the filing — “2), you may vote "FOR", "AGAINST," or "ABSTAIN." Abstentions are not considered votes for or against such proposal, and thus, will have no effect on the outcome of it.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)54 : 1
CEO total compensation$4,815,961
Median employee compensation$88,531
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Brian F. HughesIndependent · Audit (Chair) · Sustainability · Nominating$125,000$200,000$0$0$0$325,000
Janet B. HaugenIndependent · Lead Independent Director · Audit · Sustainability (Chair) · Nominating125,000200,000000325,000
Kirk B. GriswoldIndependent · Audit · Sustainability · Nominating (Chair)125,000200,000000325,000
Keith A. BentleyNot independent50,000000050,000
Raymond B. BentleyNot independent50,000000050,000
Barry J. BentleyNot independent50,000000050,000
Nicholas H. CuminsEmployee director · Newly elected00000
Gregory S. BentleyEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$525,000
Equity awards (grant-date value)$600,000
All other compensation$0
Total cost of the board$1,125,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Bentley Systems Inc names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Bentley Systems Inc.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Cadence Design Systems2025Anirudh Devgan$800,000$54,412,532$0$1,456,271$56,683,576
2Okta2026Todd McKinnon595,23335,684,2660561,71936,843,718
3Fair Isaac2025William Lansing750,00034,091,86001,100,00036,045,267
4ANSYS, Inc.2024Ajei Gopal850,00029,379,50702,550,00032,810,655
5Autodesk, Inc.2026Andrew Anagnost1,040,00027,242,33001,717,56030,091,165
6DocuSign2026Allan Thygesen1,000,00023,600,13601,019,00025,650,100
7PTC2025Neil Barua800,00021,720,45601,620,00024,315,129
8Nutanix2025Rajiv Ramaswami800,00020,750,88501,015,20022,569,085
9Dynatrace2026Rick McConnell695,00019,790,7640713,76521,234,453
10Dayforce (formerly Ceridian HCM)2024David Ossip800,00017,431,8070342,36018,596,544
11Manhattan Associates2025Eric Clark706,66712,162,5510835,37516,762,928
12Akamai Technologies2025Tom Leighton115,954,1710015,954,172
13Verisign2025D. James Bidzos950,00012,999,92901,586,02515,536,674
14Guidewire Software2025Mike Rosenbaum750,00012,280,2030975,00014,012,061
15Aspen Technology, Inc.2024Antonio Pietri750,00010,115,5480664,63911,541,446
16SPS Commerce2025Chad Collins609,65810,789,7040011,410,244
17Tyler Technologies2025H. Lynn Moore, Jr.675,0008,173,649008,858,370
18Altair Engineering, Inc.2023James Scapa860,0002,477,2203,185,160610,0007,318,992
19Bentley Systems Inc2025Nicholas Cumins791,6033,094,7660823,8994,815,961
20Dropbox2025Andrew Houston800,00000750,4002,166,622

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Bentley Systems Inc98.9%RSU 50 · PSU 50NoPearl Meyer & Partners, LLC
Akamai Technologies151.3%RSU 80 · PSU 20Yes — Relative TSR PerformanceCompensia
Altair Engineering, Inc.100%Options 56 · RSU 44not disclosedCompensia
ANSYS, Inc.200.0%RSU 100not disclosedCompensia
Aspen Technology, Inc.Varied by NEO (e.g., Pietri earned $664,339 against $900,000 target, ~74%; Stagno earned $122,234 against $125,528 target, ~97%; Mouritsen earned $251,922 against $325,000 target, ~78%; Breithaupt earned $38,710 against $375,000 target, ~10%)%RSUs 50 · PSUs 50NoWillis Towers Watson (WTW)
Autodesk, Inc.110.1%PSU 60 · RSU 40Yes — Relative TSR (rTSR) over three-year performance periodExequity LLP
Cadence Design Systems121.4%RSU 50 · PSU 50Yes — Relative TSR vs. IT companies in S&P 500 and S&P 400Semler Brossy
Dayforce (formerly Ceridian HCM)85.59%PSU 43 · MSU 30 · RSU 27Yes — TSR relative to S&P 1500 Application Software IndexWillis Towers Watson (WTW)
DocuSign101.9%PSU 60 · RSU 40Yes — TSRCompensia
Dropbox107.3%RSU 100not disclosedCompensia
Dynatrace102.7%PSU 50 · RSU 50Yes — rTSR (relative Total Shareholder Return)Compensia, Inc.
Fair Isaac147%PSU 33 · RSU 33 · Other 33NoCompensia, Inc.
Guidewire Software130%PSU 50 · RSU 50NoSemler Brossy
Manhattan Associates118%RSU 50 · PSU 50NoWillis Towers Watson
Nutanix126.9%RSU 50 · PSU 50Yes — Relative TSR vs Nasdaq Composite IndexCompensia
Okta98.7%PSU 60 · RSU 40Yes — TSR relative to the TSR of the IndexCompensia
PTC135%PSU 60 · RSU 40Yes — Three Year Relative TSRPearl Meyer & Partners, LLC
SPS Commercenot disclosedRSU 50 · PSU 50Yes — relative TSR performance against the Russell 2000 IndexCompensia
Tyler Technologies120%PSU 80 · RSU 20NoRadford
Verisign111.3%PSU 60 · RSU 40Yes — TSR of Verisign compared to the TSR of the S&P 500 IndexFrederic W. Cook & Co., Inc.

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Bentley Systems Inc in fiscal 2025?
As disclosed, the highest-paid executive was James Lee, Chief Operating Officer, with total compensation of $9,496,680.
How does Bentley Systems Inc's chief executive pay compare to its disclosed peer group?
The filing shows the CEO's pay was at the 5th percentile of disclosed peers.
What is Bentley Systems Inc's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 54:1.
How did shareholders vote on Bentley Systems Inc's executive compensation?
The filing reports shareholder support for the latest vote was 96.6%.
How much does Bentley Systems Inc spend in total on board compensation for fiscal 2025?
The filing shows total board compensation for fiscal 2025 was $1,125,000.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, James LeeDEF 14A2026-04-100001104659-26-042019Section “Summary Compensation Table” · page 52. As printed: 9,496,680. Filing ↗machine: r10 · c39 · span 611994–612003
2Section 01, Gregory BentleyDEF 14A2026-04-100001104659-26-042019Section “Summary Compensation Table” · page 52. As printed: 9,304,359. Filing ↗machine: r7 · c39 · span 600376–600385
3Section 01, Nicholas CuminsDEF 14A2026-04-100001104659-26-042019Section “Summary Compensation Table” · page 52. As printed: 4,815,961. Filing ↗machine: r1 · c39 · span 575664–575673
4Section 01, Werner AndreDEF 14A2026-04-100001104659-26-042019Section “Summary Compensation Table” · page 52. As printed: 2,793,593. Filing ↗machine: r4 · c39 · span 587710–587719
5Section 01, David ShamanDEF 14A2026-04-100001104659-26-042019Section “Summary Compensation Table” · page 52. As printed: 2,511,906. Filing ↗machine: r11 · c39 · span 616616–616625
6Section 03, David Shaman RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r4 · c6 · span 507517–507523
7Section 03, Werner Andre RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r2 · c6 · span 504571–504577
8Section 03, Nicholas Cumins RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r1 · c6 · span 503117–503123
9Section 03, Gregory S. Bentley RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t72 · r7 · c21 · span 598735–598744
10Section 03, Nicholas Cumins RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t76 · r4 · c27 · span 678673–678679
11Section 03, James Lee RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t76 · r12 · c27 · span 711427–711434
12Section 03, James Lee RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r3 · c6 · span 506061–506067
13Section 03, David Shaman RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r4 · c6 · span 507517–507523
14Section 03, Nicholas Cumins RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r1 · c6 · span 503117–503123
15Section 03, James Lee RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r3 · c6 · span 506061–506067
16Section 03, Werner Andre RSUDEF 14A2026-04-100001104659-26-042019Section “Grants of Plan-Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: t62 · r2 · c6 · span 504571–504577
17Section 07, pay ratioDEF 14A2026-04-100001104659-26-042019Section “CEO Pay Ratio”. As printed: 54 : 1. Filing ↗machine: span 894845–894852
18Section 08, Brian F. HughesDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 325,000. Filing ↗machine: t87 · r6 · c18 · span 878562–878569
19Section 08, Janet B. HaugenDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 325,000. Filing ↗machine: t87 · r5 · c18 · span 876134–876141
20Section 08, Kirk B. GriswoldDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 325,000. Filing ↗machine: t87 · r4 · c18 · span 874029–874036
21Section 08, Keith A. BentleyDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t87 · r2 · c6 · span 868259–868265
22Section 08, Raymond B. BentleyDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t87 · r3 · c6 · span 870593–870599
23Section 08, Barry J. BentleyDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 50,000. Filing ↗machine: t87 · r1 · c6 · span 866056–866062
24Section 08, Nicholas H. CuminsDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Gregory S. BentleyDEF 14A2026-04-100001104659-26-042019Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Gregory S. Bentley 2026-04-23Form 42026-04-270001104659-26-049443Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Gregory S. Bentley 2026-04-23Form 42026-04-270001104659-26-049443Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, David Shaman 2026-05-03Form 42026-05-050001104659-26-055641Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Janet B. Haugen 2026-05-21Form 42026-05-260001104659-26-066283Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Brian F. Hughes 2026-05-21Form 42026-05-260001104659-26-066276Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Kirk B. Griswold 2026-05-21Form 42026-05-260001104659-26-066284Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Brock Ballard 2026-06-11Form 42026-06-150001104659-26-074041Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Barry J. Bentley 2026-06-11Form 42026-06-150001104659-26-074040Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Kirk B. Griswold 2026-06-11Form 42026-06-150001104659-26-074048Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Raymond B. Bentley 2026-06-11Form 42026-06-150001104659-26-074058Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Keith A. Bentley 2026-06-11Form 42026-06-150001104659-26-074043Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, David Shaman 2026-06-11Form 42026-06-150001104659-26-074034Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Thomas F. Trimback 2026-06-11Form 42026-06-150001104659-26-074059Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Julien Moutte 2026-06-11Form 42026-06-150001104659-26-074054Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Gregory S. Bentley 2026-06-11Form 42026-06-150001104659-26-074037Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, James Lee 2026-06-11Form 42026-06-150001104659-26-074051Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Nicholas Cumins 2026-06-11Form 42026-06-150001104659-26-074057Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Werner Andre 2026-06-11Form 42026-06-150001104659-26-074060Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, David Shaman 2026-07-08Form 42026-07-100001104659-26-082657Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Gregory S. Bentley 2026-07-23Form 42026-07-270001104659-26-087097Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Gregory S. Bentley 2026-07-23Form 42026-07-270001104659-26-087097Insider equity transaction reported since the proxy statement. Filing ↗
47Section 06, 2026 voteForm 8-K2026-05-260001104659-26-066280Item 5.07 · say-on-pay result. As reported: 96.6% (votes for as printed: 532,030,070). Filing ↗
48Section 06, 2025 voteForm 8-K2025-05-270001104659-25-053010Item 5.07 · say-on-pay result. As reported: 96.76% (votes for as printed: 546,182,777). Filing ↗
49Section 06, 2024 voteForm 8-K2024-05-280001104659-24-065596Item 5.07 · say-on-pay result. As reported: 97.88% (votes for as printed: 563,341,181). Filing ↗
50Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
51Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
52Section 09b board cost (computed)ComputedcomputedCash 525,000 + equity 600,000 + all other 0 = 1,125,000, summed across the director compensation table rows.machine: formula: Σ = 1,125,000
53Cadence Design Systems, Section 10b CEO totalDEF 14A2026-03-250001193125-26-124264CEO total compensation as printed in Cadence Design Systems's own proxy. As printed: 56,683,576. Filing ↗machine: t294 · r4 · c34 · span 1043936–1043946
54Okta, Section 10b CEO totalDEF 14A2026-05-070001660134-26-000036CEO total compensation as printed in Okta's own proxy. As printed: 36,843,718. Filing ↗machine: r2 · c18 · span 710081–710091
55Fair Isaac, Section 10b CEO totalDEF 14A2026-01-270001193125-26-024403CEO total compensation as printed in Fair Isaac's own proxy. As printed: 36,045,267. Filing ↗machine: r3 · c35 · span 1413656–1413666
56ANSYS, Inc., Section 10b CEO totalDEF 14A2025-04-290001104659-25-041176CEO total compensation as printed in ANSYS, Inc.'s own proxy. As printed: 32,810,655. Filing ↗machine: span 1192289–1192299
57Autodesk, Inc., Section 10b CEO totalDEF 14A2026-05-060000769397-26-000030CEO total compensation as printed in Autodesk, Inc.'s own proxy. As printed: 30,091,165. Filing ↗machine: r2 · c42 · span 707592–707602
58DocuSign, Section 10b CEO totalDEF 14A2026-04-160001261333-26-000043CEO total compensation as printed in DocuSign's own proxy. As printed: 25,650,100. Filing ↗machine: r3 · c21 · span 792273–792283
59PTC, Section 10b CEO totalDEF 14A2025-12-230001104659-25-124170CEO total compensation as printed in PTC's own proxy. As printed: 24,315,129. Filing ↗machine: span 1634675–1634685
60Nutanix, Section 10b CEO totalDEF 14A2025-10-220001193125-25-246962CEO total compensation as printed in Nutanix's own proxy. As printed: 22,569,085. Filing ↗machine: r4 · c28 · span 1819325–1819335
61Dynatrace, Section 10b CEO totalDEF 14A2026-07-100001773383-26-000031CEO total compensation as printed in Dynatrace's own proxy. As printed: 21,234,453. Filing ↗machine: r2 · c21 · span 696843–696853
62Dayforce (formerly Ceridian HCM), Section 10b CEO totalDEF 14A2025-03-130001725057-25-000064CEO total compensation as printed in Dayforce (formerly Ceridian HCM)'s own proxy. As printed: 18,596,544. Filing ↗machine: t111 · r2 · c12 · span 692494–692504
63Manhattan Associates, Section 10b CEO totalDEF 14A2026-04-020001193125-26-140024CEO total compensation as printed in Manhattan Associates's own proxy. As printed: 16,762,928. Filing ↗machine: t17 · r6 · c12 · span 294034–294044
64Akamai Technologies, Section 10b CEO totalDEF 14A2026-03-310001086222-26-000042CEO total compensation as printed in Akamai Technologies's own proxy. As printed: 15,954,172. Filing ↗machine: span 583218–583228
65Verisign, Section 10b CEO totalDEF 14A2026-04-100001014473-26-000013CEO total compensation as printed in Verisign's own proxy. As printed: 15,536,674. Filing ↗machine: r2 · c36 · span 615432–615442
66Guidewire Software, Section 10b CEO totalDEF 14A2025-10-300001528396-25-000233CEO total compensation as printed in Guidewire Software's own proxy. As printed: 14,012,061. Filing ↗machine: r3 · c21 · span 777771–777781
67Aspen Technology, Inc., Section 10b CEO totalDEF 14A2024-10-240001897982-24-000062CEO total compensation as printed in Aspen Technology, Inc.'s own proxy. As printed: 11,541,446. Filing ↗machine: r2 · c24 · span 565955–565965
68SPS Commerce, Section 10b CEO totalDEF 14A2026-04-140001092699-26-000029CEO total compensation as printed in SPS Commerce's own proxy. As printed: 11,410,244. Filing ↗machine: r2 · c42 · span 913548–913558
69Tyler Technologies, Section 10b CEO totalDEF 14A2026-03-230000860731-26-000022CEO total compensation as printed in Tyler Technologies's own proxy. As printed: 8,858,370. Filing ↗machine: t205 · r9 · c16 · span 1010313–1010322
70Altair Engineering, Inc., Section 10b CEO totalDEF 14A2024-04-050001193125-24-087903CEO total compensation as printed in Altair Engineering, Inc.'s own proxy. As printed: 7,318,992. Filing ↗machine: t99 · r3 · c27 · span 360042–360051
71Bentley Systems Inc (subject), Section 10b CEO totalDEF 14A2026-04-100001104659-26-042019CEO total compensation as printed in Bentley Systems Inc's own proxy. As printed: 4,815,961. Filing ↗machine: r1 · c39 · span 575664–575673
72Dropbox, Section 10b CEO totalDEF 14A2026-04-070001467623-26-000020CEO total compensation as printed in Dropbox's own proxy. As printed: 2,166,622. Filing ↗machine: span 785543–785552
73Section 10a, Manhattan Associates reciprocityDEF 14A0001193125-26-140024Manhattan Associates's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
74Section 10a, Verisign reciprocityDEF 14A0001014473-26-000013Verisign's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
75Section 10a, Nutanix reciprocityDEF 14A0001193125-25-246962Nutanix's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
76Section 10a, Dropbox reciprocityDEF 14A0001467623-26-000020Dropbox's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
77Section 10a, Dynatrace reciprocityDEF 14A0001773383-26-000031Dynatrace's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
78Section 10a, ANSYS, Inc. reciprocityDEF 14A0001104659-25-041176ANSYS, Inc.'s most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
79Section 10a, Okta reciprocityDEF 14A0001660134-26-000036Okta's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
80Section 10a, Altair Engineering, Inc. reciprocityDEF 14A0001193125-24-087903Altair Engineering, Inc.'s most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
81Section 10a, Akamai Technologies reciprocityDEF 14A0001086222-26-000042Akamai Technologies's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
82Section 10a, Autodesk, Inc. reciprocityDEF 14A0000769397-26-000030Autodesk, Inc.'s most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
83Section 10a, Cadence Design Systems reciprocityDEF 14A0001193125-26-124264Cadence Design Systems's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
84Section 10a, Dayforce (formerly Ceridian HCM) reciprocityDEF 14A0001725057-25-000064Dayforce (formerly Ceridian HCM)'s most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
85Section 10a, SPS Commerce reciprocityDEF 14A0001092699-26-000029SPS Commerce's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
86Section 10a, Guidewire Software reciprocityDEF 14A0001528396-25-000233Guidewire Software's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
87Section 10a, DocuSign reciprocityDEF 14A0001261333-26-000043DocuSign's most recent proxy was read; its disclosed peer group does not include Bentley Systems Inc. Filing ↗
88Section 10a, Aspen Technology, Inc. reciprocityDEF 14A0001897982-24-000062Aspen Technology, Inc. names Bentley Systems Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, PTC reciprocityDEF 14A0001104659-25-124170PTC names Bentley Systems Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗
90Section 10a, Tyler Technologies reciprocityDEF 14A0000860731-26-000022Tyler Technologies names Bentley Systems Inc in its own disclosed peer group (read from its most recent proxy). Filing ↗