Bentley Systems sets CEO Cumins' compensation: $825K salary, $200K+ RSU grant, severance policy

BENTLEY SYSTEMS INC

Cumins receives $825,755 base salary and OTI target of $825,755 effective July 1, 2024, plus 2,337 RSUs and PSUs as top-up.
One-time extraordinary RSU award of 200,642 shares (vests 20% annually Dec 2025-2029) granted to Cumins.
Career Stock Program adopted for Cumins with formula based on Adjusted OI w/ SBC growth; no awards granted yet.
Severance Policy for key executives adopted; Cumins sole participant — 12 months pay (avg of prior 2 yrs base + cash incentive) plus COBRA.
Gregory Bentley's Bonus Pool Plan interest reduced from 12/33 to 4/33; base salary unchanged at $200,000.

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