Darren S. Raiguel - 14 Jun 2024 Form 4 Insider Report for EPLUS INC (PLUS)

Signature
/s/ Darren S Raiguel
Issuer symbol
PLUS
Transactions as of
14 Jun 2024
Transactions value $
-$485,897
Form type
4
Filing time
18 Jun 2024, 16:27:50
Previous filing
12 Jun 2024
Next filing
02 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLUS Common Stock Award $0 +18.6K +40.27% $0.00 64.7K 14 Jun 2024 Direct F1
transaction PLUS Common Stock Tax liability -$201K -2.74K -4.24% $73.46 62K 14 Jun 2024 Direct F2
transaction PLUS Common Stock Tax liability -$284K -3.91K -6.32% $72.68 58K 15 Jun 2024 Direct F3
holding PLUS Common Stock 33.1K 14 Jun 2024 By Darren S. Raiguel Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 14, 2024, Mr. Raiguel, an executive of ePlus inc. (the "Company") was granted a restricted stock award consisting of 18,574 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 14, 2023, and originally reported by the reporting person in a Form 4 filed with the Commission on June 16, 2023.
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 15, 2021, and originally reported by the reporting person in a Form 4 filed with the Commission on June 17, 2021.
F4 The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.