EPAM Systems, Inc. 8-K

What Happened
EPAM Systems announced (Form 8-K filed April 1, 2026) that its Board approved a restricted stock unit (RSU) grant valued at $3,000,000 to Viktar Dvorkin, Senior Vice President, Global Head of Advanced Engineering, Cloud & Enterprise Platforms. The RSU Award Agreement was dated March 31, 2026. The RSUs vest in equal portions on the first, second and third anniversaries of the grant date and are generally forfeited if Mr. Dvorkin’s employment ends before vesting, with limited acceleration exceptions.

Key Details

• Grant value: $3,000,000 under the EPAM 2025 Long Term Incentive Plan.
• Recipient: Viktar Dvorkin, SVP, Global Head of Advanced Engineering, Cloud & Enterprise Platforms.
• Grant date and filing: March 31, 2026; disclosed on Form 8-K (Item 5.02).
• Vesting: One-third on each of the 1st, 2nd and 3rd anniversaries, subject to continuous employment; accelerated vesting for death/disability, voluntary retirement meeting age/service requirements, or qualifying termination under the Company’s Executive Severance Plan (acceleration of RSUs that would vest within 12 months after termination).
• The RSU Agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters
This is a significant retention and compensation action for a senior executive leading advanced engineering and cloud platforms—areas important to EPAM’s services. For investors, the grant signals the company’s intent to retain key talent and will result in future equity-based compensation expense and potential share issuance when RSUs vest. The filing does not report any director resignations or broader management changes.