secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001352010-24-000012
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM grants PSUs to CEO and NEOs tied to revenue growth, EPS, TSR for FY2024-2026
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- CEO Arkadiy Dobkin receives target grant value of $4.65M (15,561 PSUs); other NEOs receive $1.0M-$1.5M each.
- Performance criteria: adjusted revenue growth (37.5%), adjusted EPS (37.5%), Relative TSR (25%); payout range 50%-200% of target.
- Earned PSUs vest in Q1 FY2027 after three-year performance period (FY2024-2026).
- PSU awards under 2015 Long-Term Incentive Plan; agreements filed as exhibits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000012/0001352010-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000012/epam-20240315.htm
  HTML page:      https://secwatch.observer/filing/0001352010-24-000012

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