Form 4: EPAM Systems Director Eugene Roman Disposes of Shares for Tax Withholding

EPAM Systems, Inc. Director Eugene Roman reported the disposition of 515 shares of common stock valued at $174.49 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.

Summary

• Eugene Roman, a Director of EPAM Systems, Inc. (EPAM), reported a transaction on May 31, 2025.
• The transaction involved the disposition of 515 shares of EPAM Common Stock.
• The shares were disposed of at a price of $174.49 per share.
• The total value of the disposed shares for tax purposes was approximately $89,862.35.
• This disposition was made to satisfy tax withholding requirements arising from the vesting of restricted stock units (RSUs) granted under the Issuer's Non-Employee Directors Compensation Plan.
• Following this transaction, Mr. Roman beneficially owns 2,408 shares of EPAM Common Stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While shares were disposed, it was for a routine tax withholding related to the vesting of compensation (RSUs), which is a positive event for the director and reflects ongoing compensation practices.

Positives

• The underlying event for the share disposition was the vesting of restricted stock units, indicating a successful compensation event for the director.
• The vesting of RSUs aligns the director's interests with long-term shareholder value.

Negatives

• The disposition of 515 shares, even for tax purposes, resulted in a reduction of the director's direct beneficial ownership in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting a director's compensation and tax obligations rather than a strategic industry move.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation-related event and is unlikely to have a significant direct impact on the company's share price or overall shareholder value. It represents a minor reduction in a director's direct ownership due to tax obligations.

Key Dates

Keywords

EPAM Systems, Form 4, Insider Transaction, Director, Eugene Roman, Stock Disposition, Tax Withholding, Restricted Stock Units, Beneficial Ownership