Julien Moutte

About Julien Moutte

Julien Moutte is Chief Technology Officer (CTO) of Bentley Systems (BSY), age 46, serving as CTO since 2023 after joining Bentley in 2021 as Vice President of Technology; he previously held senior technology roles at SAP (Marketing Cloud and Customer Experience) and served as CTO at Scytl and Fluendo, which he co‑founded in 2004. He holds a computer science degree from Université Claude Bernard in Lyon, and is based in Barcelona; languages: Spanish, English, French . Company performance context during his tenure: in 2024, total shareholder return (TSR) was 141.56, net income was $234.8 million, and Adjusted Operating Income with Stock‑Based Compensation (Adjusted OI w/SBC) was $372.2 million . He has led technology direction including Bentley Infrastructure Cloud Connect, announced at Year in Infrastructure 2025, emphasizing unified, connected data across the infrastructure lifecycle .

Past Roles

External Roles

Fixed Compensation

• BSY’s 2024 Summary Compensation Table enumerates NEOs (CEO, CFO, Executive Chairperson, CRO, CLO, former CPO); Julien Moutte was not a named executive officer and his base salary, target bonus, and actual bonus are not disclosed .
• Company practices emphasize market‑based pay, majority performance‑based compensation, comprehensive clawback, and rigorous stock ownership requirements .

Performance Compensation

• Executive incentive design incorporates AOI less SBC (Adjusted Operating Income less Stock‑Based Compensation) as a primary performance measure; management states it is a significant performance measure in executive incentive programs, with AOI less SBC margin defined as AOI less SBC divided by total revenues . Adjusted OI/Adjusted EPS definitions are used across non‑GAAP/incentive frameworks .
• For NEOs other than the Executive Chairperson, short‑term incentives (FY 2024) were based on management‑by‑objectives (MBO); CEO plan included revenue growth rate, Adjusted OI w/SBC margin, and annualized recurring revenue growth rate thresholds and caps (company did not disclose specific targets/weighting for CTO) .

Equity Ownership & Alignment

Beneficial ownership trajectory (restricted shares included)

10b5‑1 trading plans (insider selling pressure and cadence)

Ownership guidelines and hedging/pledging

• Stock ownership guidelines: executive officers in programs must own at least 1× base salary (non‑NEO) and NEOs at least 2×; CEO 5×; compliance window of three years from Dec 1, 2021 or appointment; as of the 2024 record date all NEOs met guidelines (company does not disclose CTO’s compliance status) .
• Hedging policy: prohibits short‑selling, public derivatives (options/warrants/puts/calls) and hedging transactions without pre‑clearance; insider trading policy requires pre‑clearance and encourages pre‑programmed Rule 10b5‑1 plans .
• No pledging of shares is disclosed for Julien Moutte in reviewed filings; company does not explicitly permit hedging without pre‑clearance and does not indicate pledging practices for executives in the cited sections .

Employment Terms

• Employment agreements: BSY states it does not have employment agreements with currently employed NEOs (CEO excepted via French entity letter agreement); the filing does not disclose an individual employment agreement for the CTO .
• Severance/change‑in‑control: Bentley adopted a Severance Policy for Key Executives with CEO participation only (12 months average base+cash incentive over prior two years; 12 months medical premiums; accrued benefits; Good Reason definitions); filings note no individualized severance or golden parachute/change‑in‑control arrangements for NEOs other than the CEO .
• Clawback: executive compensation subject to a Nasdaq‑compliant clawback policy in case of accounting restatements .
• Program practices: company states “No single trigger change in control payments,” no excise tax gross‑ups, and majority performance‑based pay .

Performance & Track Record

Company performance context (Pay‑Versus‑Performance reported values)

Execution signals and initiatives

• Technology initiative: Bentley Infrastructure Cloud Connect announced at Year in Infrastructure 2025, leveraging iTwin to unify engineering, operational, enterprise, geospatial, and subsurface data into digital twins; Moutte highlighted the connected data environment value proposition .
• Non‑GAAP/incentive framework: AOI less SBC designated as the primary measure used to evaluate operating strength and executive incentive programs, intentionally including SBC to reflect economic costs .

Governance and Shareholder Feedback

• 2025 Say‑on‑Pay voting: For advisory approval of NEO compensation, votes For: 546,182,777; Against: 18,262,788; Abstentions: 91,931; Broker non‑votes: 14,844,467 . Company notes approximately 98% support in 2024 and maintained program structure .

Investment Implications

• Alignment: Beneficial ownership of 71,395 Class B shares including 48,743 restricted shares indicates meaningful skin‑in‑the‑game; company‑wide ownership multiples and clawback enhance alignment. Small 10b5‑1 planned sales (1,944 and 6,000 shares) suggest limited near‑term selling pressure relative to holdings .
• Incentive focus: AOI less SBC margin as the primary executive incentive measure aligns technology and product roadmaps with durable operating profitability; this can be supportive of disciplined investment and margin expansion initiatives .
• Retention risk: The proxy discloses no individualized employment/severance or change‑in‑control protections for NEOs other than the CEO; while the CTO is not a disclosed participant, the absence of individual arrangements may present modest retention risk in a competitive enterprise software talent market .
• Execution: Public leadership of Bentley Infrastructure Cloud Connect underscores product roadmap cohesion and data unification strategy; continued delivery against revenue growth and Adjusted OI w/SBC targets is the key performance lever for incentive payouts and investor confidence .

Note: Items such as exact base salary, target/actual bonus, specific equity grant dates/values, vesting schedules, severance economics for the CTO, and ownership guideline compliance status for the CTO are not disclosed in reviewed filings; BSY’s compensation and governance policies cited apply company‑wide or to NEOs as specified .