Form 4: EPAM Systems CFO Jason D. Peterson Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Chief Financial Officer of EPAM Systems, Jason D. Peterson, reports the withholding of 328 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 27, 2024, Jason D. Peterson, the Chief Financial Officer of EPAM Systems, Inc., had 328 shares of EPAM Common Stock withheld by the Issuer.
- This transaction was to satisfy tax withholding requirements arising from the vesting of restricted stock units granted to Peterson under the Issuer's Long Term Incentive Plan.
- Following the transaction, Peterson beneficially owns 25,836 shares of EPAM Common Stock.
Sentiment
Score: 7
Explanation: This is a routine filing related to tax obligations, so it's neutral to slightly positive as it reflects standard compensation practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of the stock transaction (tax withholding). |
| 03/28/2024 | Date of signature for the report. |
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