Form 4: EPAM Systems Director Roman Eugene Reports Changes in Beneficial Ownership

Director Roman Eugene reports acquisition of restricted stock units and subsequent tax-related disposal of EPAM Systems shares.

Summary

• On May 31, 2024, Roman Eugene, a director of EPAM Systems, Inc., acquired 1,051 shares of EPAM Common Stock as restricted stock units.
• These restricted stock units were granted pursuant to the EPAM Systems, Inc. Non-Employee Director Compensation Policy and will vest on the first anniversary of the grant.
• On June 2, 2024, 430 shares were disposed of to satisfy tax withholding requirements arising from the vesting of restricted stock units, at a price of $177.93 per share.
• Following these transactions, Roman Eugene beneficially owns 1,551 shares of EPAM Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders. There are no indications of negative performance or concerns.

Positives

• The acquisition of restricted stock units indicates confidence in EPAM Systems' future performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the director's holdings.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common among publicly traded companies like EPAM Systems.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align director interests with shareholder value, a common practice among companies such as Accenture, Infosys, and Tata Consultancy Services.
• Tax withholding practices related to equity compensation are standard across the industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, primarily reflecting internal compensation adjustments.

Key Dates