Rockwell Edward 4

What Happened
Edward Rockwell, SVP and General Counsel of EPAM Systems (EPAM), had 5,947 restricted stock units (RSUs vest) on March 15, 2026 (reported on Form 4). To satisfy the tax withholding obligation on the vesting, the issuer withheld 576 shares (81 + 120 + 120 + 255) at a reported per-share value of $137.14, resulting in proceeds of $78,993 recorded as dispositions. The 5,947 vested shares were acquired as awards (code A) and the withheld shares are reported as tax withholding (code F).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• Award vested: 5,947 RSUs acquired at $0.00 (value realized equals market value subject to withholding).
• Shares withheld for taxes: 576 shares withheld at $137.14 each, total $78,993.
• Transaction codes: A = award/acquisition (RSU vesting); F = shares withheld to satisfy tax withholding.
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding from RSU vesting. F2 — the RSUs are subject to a four-year vesting schedule (25% vesting on each of March 15, 2027–2030).
• Shares owned after transaction: not specified in the filing.

Context
This filing reflects routine RSU vesting and employer tax withholding — not an open-market sale by the insider. Withheld shares to cover taxes are common and do not necessarily indicate a change in the insider’s view of the company. Purchases are generally considered a stronger signal of insider bullishness than vesting or withholding transactions.