Abrahams Gary C 4
4 · EPAM Systems, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
EPAM VP Gary Abrahams Receives RSUs; Shares Withheld for Taxes
What Happened
Gary C. Abrahams, Vice President and Corporate Controller of EPAM Systems (EPAM), had 1,154 restricted stock units (RSUs recorded as an award) issued/vested on March 15, 2026 (acquisition reported at $0.00). To satisfy tax withholding from the RSU vesting, the issuer withheld 168 shares (four withholdings of 34, 41, 41 and 52 shares) at $137.14 per share, yielding cash value of $23,040. This filing reports an award/settlement and related tax withholding — not an open-market buy or discretionary sale.
Key Details
- Transaction date: 2026-03-15; Form 4 filed 2026-03-17 (timely).
- Award: 1,154 RSUs acquired at $0.00 (transaction code A).
- Withheld for taxes: 34, 41, 41, and 52 shares withheld at $137.14 each (total 168 shares; cash value reported $23,040) (transaction code F).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 — shares withheld by issuer to satisfy tax withholding arising from RSU vesting; F2 — these RSUs are scheduled to vest 25% on each March 15 in 2027, 2028, 2029 and 2030.
Context
This is a routine RSU vesting/tax-withholding event (issuer withheld shares to cover taxes, a “cashless” withholding), recorded as an award rather than a market purchase or sale. Such transactions reflect compensation and tax settlement, not a direct signal of insider buying or selling intent.
Insider Transaction Report
- Tax Payment
EPAM Common Stock
[F1]2026-03-15$137.14/sh−34$4,663→ 2,686.091 total - Tax Payment
EPAM Common Stock
[F1]2026-03-15$137.14/sh−41$5,623→ 2,645.091 total - Tax Payment
EPAM Common Stock
[F1]2026-03-15$137.14/sh−41$5,623→ 2,604.091 total - Tax Payment
EPAM Common Stock
[F1]2026-03-15$137.14/sh−52$7,131→ 2,552.091 total - Award
EPAM Common Stock
[F2]2026-03-15+1,154→ 3,706.091 total
Footnotes (2)
- [F1]These shares were withheld by the Issuer to satisfy the tax withholding requirement arising from the vesting of restricted stock units granted to the reporting person under the Issuer's Long Term Incentive Plan.
- [F2]Represents restricted stock units that are scheduled to vest as to 25% of the shares on each of March 15, 2027, 2028, 2029, and 2030.