secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001628280-22-013797
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000162828022013797/0001628280-22-013797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000162828022013797/bsy-20220511.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-013797

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