Mark P. Marron - Jun 8, 2022 Form 4 Insider Report for EPLUS INC (PLUS)

Role
Chief Executive Officer, Director
Signature
Erica S. Stoecker, attorney-in-fact
Stock symbol
PLUS
Transactions as of
Jun 8, 2022
Transactions value $
$0
Form type
4
Date filed
6/10/2022, 05:36 PM
Previous filing
Mar 7, 2022
Next filing
Jun 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Award $0 +37.6K +40.46% $0.00 130K Jun 8, 2022 Direct F1
holding PLUS Common Stock 56.9K Jun 8, 2022 By Mark P. Marron Trust F2
holding PLUS Common Stock 8.46K Jun 8, 2022 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 8, 2022, Mr. Marron, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 37,587 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 The shares are held in a trust of which the reporting person is the trustee and sole beneficiary.
F3 This reflects the total amount of shares held by two trusts, each for the benefit of Mr. Marron's two dependent children.