Form 4: EPAM Systems Executive Balazs Fejes Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Balazs Fejes, EVP/Co-Head of Global Business at EPAM Systems, Inc., disposed of 302 shares of common stock on March 27, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 27, 2024, Balazs Fejes, an EVP/Co-Head of Global Business at EPAM Systems, Inc., disposed of 302 shares of EPAM common stock.
- The transaction was executed to satisfy tax withholding requirements arising from the vesting of restricted stock units granted under the company's Long Term Incentive Plan.
- The shares were disposed of at a price of $268.4.
- Following the transaction, Fejes directly owns 16,884 shares of EPAM common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance or outlook.
Industry Context
This is a routine Form 4 filing, reflecting a common practice where company executives dispose of shares to cover tax obligations arising from the vesting of stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of stock disposal transaction. |
| 03/28/2024 | Date of signature for the Form 4 filing. |
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