Form 4: EPAM Systems SVP Boris Shnayder Reports Changes in Beneficial Ownership

Boris Shnayder, SVP/Co-Head of Global Business at EPAM Systems, reports the acquisition and disposal of EPAM common stock related to vesting of restricted stock units.

Summary

• On March 15, 2025, Boris Shnayder, SVP/Co-Head of Global Business at EPAM Systems, engaged in transactions involving EPAM Common Stock.
• A total of 126, 144, 82, and 65 shares were disposed of at a price of $182.73 each to cover tax obligations related to vesting restricted stock units.
• Additionally, 3,579 restricted stock units were acquired at $0.
• Following these transactions, Shnayder directly owns 15,534 shares of EPAM Common Stock.
• These restricted stock units vest in four equal installments on March 15 of 2026, 2027, 2028, and 2029.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and related to executive compensation. The acquisition of RSUs suggests confidence in the company's future.

Positives

• The acquisition of 3,579 restricted stock units indicates continued alignment of the executive's interests with the company's long-term performance.

Future Outlook

The executive's holdings will increase as the restricted stock units vest over the next four years, aligning their interests with the company's performance.

Industry Context

Executive stock transactions are common and are closely watched by investors as they can provide insights into management's confidence in the company's future prospects. Vesting schedules are designed to incentivize long-term commitment.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over several years, a common practice among publicly traded companies like EPAM.
• Companies such as Accenture, Tata Consultancy Services, and Infosys also utilize RSUs as part of their executive compensation to align management's interests with shareholder value.
• The vesting schedule of 25% annually over four years is a standard vesting arrangement, similar to those used by other technology and consulting firms.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• They reflect standard executive compensation practices and alignment of management interests with shareholders.

Key Dates