Abrahams Gary C 4
Research Summary
AI-generated summary
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.