secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001352010-23-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Systems grants $3M RSUs to CFO Jason Peterson for retention; vests over 3 years
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- RSU grant of 10,094 units valued at $3,000,000 to SVP/CFO Jason Peterson under 2015 LTIP.
- Grant vests in equal thirds on March 15, 2024, 2025, and 2026, contingent on continuous employment.
- Accelerated vesting on death/disability (full after 2 years service) or retirement (age 60+ and combined age+service ≥70).
- Grant is a retention incentive; no change in officer status or compensation structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201023000019/0001352010-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201023000019/epam-20230331.htm
  HTML page:      https://secwatch.observer/filing/0001352010-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer