What happened during combustion:
Ethanol is volatile enough to burn easily, while propylene glycol is not (its "flash point" ~120°C exceeds room temperature, see on Wiki), even with the brief flame of alcohol above it.
So ethanol has burnt, cleanly as it uses to do, and propylene glycol remains. It's colourless, transparent, viscous, by itself nontoxic.
To burn propylene glycol, you must use a wick. It's safe in the sense that I did it and survived.
Combustion has also produced minor compounds, in small amounts but very diverse, by the reaction of oxygen+ethanol+PGlycol+nitrogen, all hot at the surface. So don't swallow the remnants. Away from pets, because glycols taste sweet.
Benzene is typically not produced by a flame, and benzene took decades to be recognized as a carcinogen despite industry used it all the day in tons amount, so sniffing trace amounts for some seconds shouldn't make one anxious. Flames produce other compounds (CO, NOx, -CN...) which can be nasty, benzene is negligible in comparison.
Burning something without a good notion of what may result is a pretty bad idea. With plastics you can heave nasty surprises, with liquids as well, and some times you don't reach fresh air on time. What if the 10ppm Denatonium had been 90% Detonium? An antipersonal mine or a hand grenade contain only 10 times your 4mL.