Form 4: EPAM Systems CFO Jason Peterson Reports Stock Transactions

Chief Financial Officer of EPAM Systems, Jason D. Peterson, reports acquisition and disposal of company stock and stock options.

Summary

• Jason D. Peterson, CFO of EPAM Systems, reported transactions involving EPAM Common Stock on March 15, 2024.
• Peterson disposed of 1,252 shares at $302.24 to cover tax obligations from vesting restricted stock units.
• An additional 442, 549 and 263 shares were disposed of at $302.24 for tax obligations.
• Peterson acquired 5,020 restricted stock units.
• Peterson also acquired 9,063 employee stock options with an exercise price of $298.89, exercisable in four equal installments starting March 15, 2025.
• Following these transactions, Peterson directly owns 26,164 shares of EPAM Common Stock and 9,063 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of 5,020 restricted stock units indicates a long-term commitment to the company.
• The acquisition of 9,063 employee stock options suggests confidence in the company's future performance.

Future Outlook

The restricted stock units and stock options vest over a four-year period, suggesting a long-term incentive structure for the CFO.

Industry Context

Form 4 filings are routine disclosures for company insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The vesting schedule of the restricted stock units and stock options incentivizes the CFO to contribute to the company's long-term success, which benefits employees.

Key Dates