Darren S. Raiguel - Jun 15, 2021 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
Darren S. Raiguel
Stock symbol
PLUS
Transactions as of
Jun 15, 2021
Transactions value $
-$177,316
Form type
4
Date filed
6/17/2021, 05:33 PM
Previous filing
Jun 15, 2021
Next filing
Jul 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Award $0 +13K +51.38% $0.00 38.4K Jun 15, 2021 Direct F1
transaction PLUS Common Stock Tax liability -$177K -1.92K -5.02% $92.16 36.4K Jun 16, 2021 Direct F2
holding PLUS Common Stock 12.2K Jun 15, 2021 By Darren S. Raiguel Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 15, 2021, Mr. Raiguel, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 13,020 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 2012 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 16, 2020, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2020.
F3 The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.