---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-076289"
form_type: "8-K/A"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2024-06-28T23:59:59+00:00"
generated_at: "2026-06-01T00:24:21.120368+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-076289
- form_type: 8-K/A
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2024-06-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000110465924076289/0001104659-24-076289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000110465924076289/tm2418463d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-076289
- JSON: https://secwatch.observer/filing/0001104659-24-076289.json
- Plain text: https://secwatch.observer/filing/0001104659-24-076289.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.