Elaine D. Marion - Jun 14, 2023 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ Elaine D. Marion
Stock symbol
PLUS
Transactions as of
Jun 14, 2023
Transactions value $
-$378,471
Form type
4
Date filed
6/16/2023, 05:10 PM
Previous filing
Jun 9, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Award $0 +24.1K +50.47% $0.00 72K Jun 14, 2023 Direct F1
transaction PLUS Common Stock Tax liability -$146K -2.61K -3.63% $55.91 69.4K Jun 15, 2023 Direct F2
transaction PLUS Common Stock Tax liability -$232K -4.14K -5.97% $56.13 65.2K Jun 16, 2023 Direct F3
holding PLUS Common Stock 52.1K Jun 14, 2023 By Elaine D. Marion Trust F4
holding PLUS Common Stock 424 Jun 14, 2023 By IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 14, 2023, Ms. Marion, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 24,145 shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted by the Company's Compensation Committee, pursuant to the Company's 2021 Employee Long-Term Incentive Plan. The Restricted Shares are subject to a restriction period of three years, with one-third of the shares vesting on each of the next three annual anniversaries of the grant. As more fully described in the Plan, under certain circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company.
F2 Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 15, 2021, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2021.
F3 Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 16, 2020, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2020.
F4 The reporting person is a trustee and a beneficiary of the trust.