Form 4: EPAM Systems Director, Jill Smart, Receives Restricted Stock Units

Director Jill Smart acquired 1,372 shares of EPAM Systems, Inc. through restricted stock units.

Summary

• On May 22, 2025, Jill Smart, a director of EPAM Systems, Inc., acquired 1,372 shares of EPAM Common Stock.
• The acquisition was in the form of restricted stock units granted under the company's Non-Employee Director Compensation Policy.
• The restricted stock units were awarded at a price of $0.
• These units are scheduled to vest on the first anniversary of the grant date.
• Following the transaction, Jill Smart directly owns 9,324 shares of EPAM Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The grant of RSUs can be seen as a positive sign of aligning director interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The director's holdings will increase upon vesting of the restricted stock units.

Industry Context

Stock grants to board members are a common practice to align their interests with the company's long-term performance. This is a standard component of director compensation packages in publicly traded companies.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Equity grants, such as restricted stock units, are a common way to incentivize directors and align their interests with shareholders.
• The size and vesting schedule of the grant are typical for director compensation at companies of similar size and industry to EPAM Systems.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates

Keywords

EPAM Systems, Director, Jill Smart, Restricted Stock Units, Form 4, Beneficial Ownership, Equity Securities, Compensation