Form 4: EPAM Systems Executive Reports Stock Transactions
SEC Form 4 Filing
Elaina Shekhter, SVP and Chief Marketing Officer of EPAM Systems, reports the acquisition and disposal of EPAM common stock related to vesting restricted stock units.
Summary
- Elaina Shekhter, SVP, Chief Marketing Officer of EPAM Systems, filed a Form 4 detailing changes in beneficial ownership of EPAM stock.
- On March 15, 2025, shares were withheld by EPAM to cover tax obligations related to vesting restricted stock units.
- A total of 518 shares were disposed of to cover taxes at a price of $182.73 per share.
- Shekhter also acquired 5,368 restricted stock units on March 15, 2025, at a price of $0.
- These restricted stock units vest in four equal installments on March 15 of 2026, 2027, 2028, and 2029.
- Following these transactions, Shekhter directly owns 13,684 shares of EPAM common stock.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and insider trading reporting, suggesting a neutral to slightly positive sentiment due to continued alignment of executive interests with the company's performance.
Positives
- The acquisition of 5,368 restricted stock units indicates continued alignment of the executive's interests with the company's long-term performance.
Future Outlook
The vesting schedule of the restricted stock units (25% annually from 2026 to 2029) suggests a continued long-term incentive for the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices involving restricted stock units.
Comparison to Industry Standards
- The vesting schedule of the restricted stock units is fairly standard, with annual vesting over a four-year period.
- Companies like Accenture and Tata Consultancy Services also use similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock transactions (disposal for tax withholding and acquisition of restricted stock units). |
| 03/15/2026 | First vesting date for 25% of the acquired restricted stock units. |
| 03/15/2027 | Second vesting date for 25% of the acquired restricted stock units. |
| 03/15/2028 | Third vesting date for 25% of the acquired restricted stock units. |
| 03/15/2029 | Final vesting date for 25% of the acquired restricted stock units. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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