Form 4: EPAM Systems CEO Arkadiy Dobkin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Arkadiy Dobkin, CEO, President, and Chairman of EPAM Systems, reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 27, 2024, EPAM Systems CEO Arkadiy Dobkin reported a transaction on Form 4.
- 854 shares of EPAM Common Stock were disposed of to satisfy tax withholding requirements related to the vesting of restricted stock units.
- The transaction price was $268.4 per share.
- Following the transaction, Dobkin directly owns 1,301,228 shares of EPAM Common Stock.
- Dobkin also indirectly owns 436,189 shares through the Arkadiy Dobkin GST Exempt Grantor Trust.
- Dobkin disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of the transaction involving the disposal of shares for tax withholding. |
| 03/28/2024 | Date of signature for the Form 4 filing. |
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