Fejes Balazs 4

What Happened
Fejes Balazs, EPAM Systems' CEO, President and Director, was granted 26,238 restricted stock units (RSUs) on March 15, 2026 (acquisition code A). On the same date 2,487 shares were withheld by the issuer to satisfy tax withholding (reporting code F). The withheld shares were reported as: 406, 505, 502 and 1,074 shares at $137.14 each, totaling $341,067. The RSU grant is reported at $0.00 per share because it is an award that will vest under the company plan.

Key Details

• Transaction date: 2026-03-15; filing date: 2026-03-17 (timely filing).
• Withheld shares: 2,487 shares at $137.14 each; total value withheld ≈ $341,067.
• Award: 26,238 RSUs granted (code A), reported $0.00 per share.
• Footnotes: F1 — withheld shares were used to satisfy tax withholding from RSU vesting; F2 — the RSUs are scheduled to vest 25% on each of March 15, 2027, 2028, 2029 and 2030.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This filing reflects an equity award (future-compensatory RSUs) and routine tax withholding by the company, not an open-market sale. Withholding to cover taxes is a common administrative step and does not necessarily indicate a change in insider sentiment. The new RSUs vest over multiple years (25% per year 2027–2030), tying future compensation to continued service/performance.