---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-013797"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2022-05-11T23:59:59+00:00"
generated_at: "2026-06-25T20:06:50.429682+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems authorizes up to $200M share repurchase program through June 2024

## Summary
- Board approved repurchase of up to $200M of BSY Class B common stock through June 30, 2024.
- Company to consider market conditions; repurchases opportunistic via open market or private transactions.
- Switch from net share withholding to gross equity distributions; expects savings from reduced cash outlay for tax withholding.
- Prior de facto repurchases totaled $120.5M in 2021 and $35.1M in Q1 2022.

## SEC filing metadata
- accession: 0001628280-22-013797
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2022-05-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000162828022013797/0001628280-22-013797-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000162828022013797/bsy-20220511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-013797
- JSON: https://secwatch.observer/filing/0001628280-22-013797.json
- Plain text: https://secwatch.observer/filing/0001628280-22-013797.txt

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