Form 4: EPAM SVP Shekhter Reports RSU Vesting and Tax Withholding

EPAM Systems' SVP, Chief Strategy Officer, Elaina Shekhter, reported the vesting of restricted stock units and associated tax withholdings.

Summary

• Elaina Shekhter, SVP, Chief Strategy Officer of EPAM Systems, Inc. (EPAM), reported transactions involving EPAM common stock.
• On March 15, 2026, a total of 763 shares of EPAM Common Stock were disposed of at a price of $137.14 per share.
• These disposed shares were withheld by EPAM Systems to satisfy tax withholding requirements arising from the vesting of restricted stock units (RSUs) granted under the Issuer's Long Term Incentive Plan.
• Concurrently, 8,221 restricted stock units (RSUs) were acquired at a price of $0.
• These newly acquired RSUs are scheduled to vest in four equal installments of 25% on March 15, 2027, 2028, 2029, and 2030.
• Following these reported transactions, Ms. Shekhter beneficially owns 21,141.488 shares of EPAM Common Stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While shares were disposed of for taxes, the underlying acquisition of RSUs represents a significant future equity stake, reflecting ongoing executive compensation and retention efforts.

Positives

• Acquisition of 8,221 restricted stock units (RSUs) at a price of $0, representing future equity ownership.
• The vesting schedule provides a clear long-term incentive for the SVP, Chief Strategy Officer, aligning her interests with shareholder value over several years.

Negatives

• Disposition of 763 shares of common stock at $137.14 per share to cover tax withholding obligations, which reduces direct share ownership.

Future Outlook

The acquired restricted stock units are scheduled to vest in four annual installments, with 25% vesting on March 15, 2027, 2028, 2029, and 2030, indicating a long-term incentive structure for the reporting person.

Industry Context

StockSavvy.ai notes that the vesting of restricted stock units and subsequent tax withholding is a standard and routine component of executive compensation packages across the technology and professional services industries. This type of Form 4 filing is common and reflects the normal course of long-term incentive plans designed to retain key talent and align executive interests with shareholder performance.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine executive compensation event, but it signifies continued alignment of executive incentives with company performance.
• Employees: No direct impact on general employees, but it reflects the company's executive compensation practices.

Next Steps

• Future vesting of 25% of the 8,221 restricted stock units on March 15, 2027.
• Future vesting of 25% of the 8,221 restricted stock units on March 15, 2028.
• Future vesting of 25% of the 8,221 restricted stock units on March 15, 2029.
• Future vesting of 25% of the 8,221 restricted stock units on March 15, 2030.

Key Dates

Keywords

EPAM, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Elaina Shekhter, Equity Vesting, Tax Withholding