EPAM Systems launches $300M accelerated share repurchase with Morgan Stanley

EPAM Systems, Inc.

Company pays $300M to Morgan Stanley, receives initial delivery of 1,703,336 shares (~$240M based on Mar 4 close).
Final settlement expected by Q2 2026; shares repurchased based on VWAP less discount.
After ASR, $452.5M remaining under existing $1.0B repurchase authorization.
CEO Balazs Fejes states repurchase reflects confidence in long-term outlook and current undervaluation.
Program funded with cash on hand and borrowings under existing credit facility.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

EPAM Systems, Inc. entered into Fixed Dollar Accelerated Share Repurchase Transaction agreement with Morgan Stanley & Co. LLC valued at Aggregate $300 million share repurchase; initial delivery of 1,703,336 shares valued at $240 million (effective 2026-03-04).

Action: entry
Agreement: equity purchase
Counterparty: Morgan Stanley & Co. LLC
Value: Aggregate $300 million share repurchase; initial delivery of 1,703,336 shares valued at $240 million
Effective: 2026-03-04

Exact text from the filing

On March 4, 2026, EPAM Systems, Inc. (the “ Company ”) entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement (the “ ASR Agreement ”) with Morgan Stanley & Co. LLC (“ Morgan Stanley ”) to repurchase an aggregate of $300 million of shares of the Company’s common stock (the “ Common Stock ”).

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336 material agreements filed in the last 30 days. Browse all material agreements →

EPAM Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001352010-26-000019

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