4/A: EPAM Systems Director Eugene Roman Corrects Stock Ownership in Amended SEC Filing

Sentiment:

SEC Filing


Eugene Roman, a director at EPAM Systems, filed an amended SEC Form 4/A to correct the number of restricted stock units he owns following a transaction on February 11, 2024.

Worse than expectedThe document contains a correction of a previous filing, indicating an error in the initially reported number of restricted stock units.

Summary

  • On March 14, 2024, Eugene Roman, a director of EPAM Systems, Inc., filed an amendment to a previous Form 4 filing.
  • The amendment corrects the number of restricted stock units granted to him to 930, which was incorrectly reported as 2482 in the original filing on February 13, 2024.
  • On February 11, 2024, 52 shares of EPAM Common Stock were withheld to satisfy tax obligations related to the vesting of restricted stock units.
  • Following the transaction, Roman directly owns 930 shares of EPAM Common Stock.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previous filing. While it indicates a past error, it doesn't necessarily reflect negatively on the company's overall performance or future prospects. The sentiment is neutral.

Industry Context

This filing is a routine disclosure related to insider transactions and corrections, which are common in publicly traded companies. It ensures transparency and compliance with SEC regulations.

Stakeholder Impact

  • The correction of the filing ensures accurate information for shareholders regarding insider ownership.

Key Dates

DateDescription
02/11/2024Date of transaction where shares were withheld for tax obligations.
02/13/2024Date of original Form 4 filing with incorrect information.
03/14/2024Date of amended Form 4/A filing to correct the number of restricted stock units.

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