Form 4: EPAM Systems Executive Balazs Fejes Reports Stock Transactions

Balazs Fejes, EVP/Co-Head of Global Business at EPAM Systems, reports disposition of shares to cover tax obligations and acquisition of restricted stock units.

Summary

• On March 15, 2025, Balazs Fejes, an EVP/Co-Head of Global Business at EPAM Systems, Inc., engaged in multiple transactions involving EPAM Common Stock.
• Fejes disposed of 502, 505, 406, and 255 shares at a price of $182.73 per share to satisfy tax withholding requirements related to vesting restricted stock units.
• Additionally, Fejes acquired 10,736 restricted stock units, which vest in equal installments on March 15 of 2026, 2027, 2028, and 2029.
• Following these transactions, Fejes directly owns 20,640 shares of EPAM Common Stock.

Sentiment

Score: 6

Explanation: The document reflects routine executive compensation activity. The acquisition of restricted stock units is a positive sign, but the disposal of shares to cover taxes is neutral.

Positives

• The acquisition of 10,736 restricted stock units indicates continued alignment of the executive's interests with the long-term performance of EPAM Systems.

Future Outlook

The restricted stock units vest over the next four years, suggesting a long-term commitment by the executive.

Industry Context

Executive stock transactions are common and are closely watched by investors as they can provide insights into management's perspective on the company's value and future prospects. Vesting schedules are designed to align executive compensation with long-term company performance.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the tech industry to attract and retain top talent.
• Companies like Globant, Accenture, and Tata Consultancy Services also utilize restricted stock units as part of their compensation packages for executives.
• The vesting schedule of 25% per year is a fairly standard approach to ensure continued service and alignment with long-term goals.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding shares.
• The vesting of restricted stock units incentivizes the executive to contribute to the company's long-term success, which benefits all stakeholders.

Key Dates