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EPAM (EPAM) SVP Rockwell reports RSU grant and tax-withholding share disposition

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

EPAM Systems senior vice president and general counsel Edward Rockwell reported routine equity compensation activity in company stock. On March 15, 2026, he disposed of 576 shares of EPAM common stock at $137.14 per share to satisfy tax withholding obligations tied to vesting restricted stock units.

The same day, he received a grant of 5,947 restricted stock units, which are scheduled to vest in four equal 25% installments on March 15, 2027, 2028, 2029, and 2030. Following these transactions, Rockwell directly holds 15,045.091 shares of EPAM common stock.

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Negative

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Insider Rockwell Edward
Role SVP/General Counsel
Type Security Shares Price Value
Tax Withholding EPAM Common Stock 81 $137.14 $11K
Tax Withholding EPAM Common Stock 120 $137.14 $16K
Tax Withholding EPAM Common Stock 120 $137.14 $16K
Tax Withholding EPAM Common Stock 255 $137.14 $35K
Grant/Award EPAM Common Stock 5,947 $0.00 --
Holdings After Transaction: EPAM Common Stock — 9,593.091 shares (Direct)
Footnotes (1)
  1. 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. 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Rockwell Edward
(Last) (First) (Middle)
C/O EPAM SYSTEMS, INC.
41 UNIVERSITY DRIVE, SUITE 202
(Street)
NEWTOWN PA 18940
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EPAM Systems, Inc. [ EPAM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP/General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
EPAM Common Stock 03/15/2026 F 81(1) D $137.14 9,593.091 D
EPAM Common Stock 03/15/2026 F 120(1) D $137.14 9,473.091 D
EPAM Common Stock 03/15/2026 F 120(1) D $137.14 9,353.091 D
EPAM Common Stock 03/15/2026 F 255(1) D $137.14 9,098.091 D
EPAM Common Stock 03/15/2026 A 5,947(2) A $0 15,045.091 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. 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.
2. 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.
Remarks:
/s/ Kate Pytlewski as Attorney-in-Fact 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did EPAM (EPAM) report for Edward Rockwell?

Edward Rockwell reported tax-withholding share dispositions and a new RSU grant. On March 15, 2026, 576 EPAM shares were withheld for taxes, and he received 5,947 restricted stock units as equity compensation under the company’s Long Term Incentive Plan.

How many EPAM (EPAM) shares were used to cover taxes in this Form 4?

A total of 576 EPAM shares were disposed of for tax withholding. These shares were withheld by the company to satisfy tax obligations arising from the vesting of previously granted restricted stock units, rather than sold in open-market transactions.

What equity award did EPAM (EPAM) grant to Edward Rockwell?

EPAM granted Edward Rockwell 5,947 restricted stock units. These units vest in four equal 25% installments on March 15 of 2027, 2028, 2029, and 2030, aligning his compensation with long-term company performance and continued service.

Are the EPAM (EPAM) tax-withholding transactions open-market sales?

No, the reported dispositions are for tax withholding, not open-market sales. The Form 4 identifies each as a tax-withholding disposition, where shares were withheld by EPAM to cover tax liabilities from restricted stock unit vesting.

How many EPAM (EPAM) shares does Edward Rockwell hold after these transactions?

After the reported transactions, Edward Rockwell directly holds 15,045.091 EPAM shares. This total reflects the net effect of 576 shares withheld for taxes and the new grant of 5,947 restricted stock units reported in the filing.

When will Edward Rockwell’s new EPAM (EPAM) RSUs vest?

The 5,947 EPAM restricted stock units vest in four annual tranches. Vesting is scheduled as to 25% of the shares on each of March 15, 2027, March 15, 2028, March 15, 2029, and March 15, 2030, subject to applicable plan terms.