Form 4: EPLUS CFO Elaine Marion Reports Routine Stock Vesting and Tax Withholding Transactions

EPLUS Inc.'s Chief Financial Officer, Elaine D. Marion, reported the withholding of 5,435 shares of common stock valued at $68.94 per share to cover tax liabilities arising from the vesting of restricted stock awards.

Summary

• Elaine D. Marion, Chief Financial Officer of EPLUS Inc. (PLUS), reported transactions involving the company's common stock.
• On June 14, 2025, a total of 5,435 shares of common stock were disposed of through withholding to cover tax liabilities.
• Specifically, 2,643 shares were withheld for taxes related to the partial vesting of a restricted stock award granted on June 14, 2023.
• Additionally, 2,792 shares were withheld for taxes related to the partial vesting of a restricted stock award granted on June 14, 2024.
• The shares were withheld at a price of $68.94 per share.
• Following these transactions, Ms. Marion directly holds 53,154 shares of common stock and indirectly holds 64,442 shares through the Elaine D. Marion Trust and 424 shares through an IRA.

Sentiment

Score: 5

Explanation: The document reports routine, non-discretionary transactions related to executive compensation (vesting and tax withholding). This is a neutral event, neither significantly positive nor negative for the company's outlook.

Positives

• The transactions represent the partial vesting of restricted stock awards, indicating that the Chief Financial Officer continues to meet performance or tenure requirements for these awards.
• The vesting of restricted stock awards is a positive sign of executive compensation and retention.

Negatives

• The reported transactions involve the disposition of shares, specifically 5,435 shares, which reduces the direct beneficial ownership of the Chief Financial Officer. However, this is a routine tax withholding event, not a discretionary sale.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This SEC Form 4 filing is a routine disclosure of insider transactions and does not provide broader industry context or trends. It reflects standard executive compensation practices within the technology solutions and services industry, where restricted stock units are common forms of equity awards.

Related Party Transactions

• The shares held indirectly by the Elaine D. Marion Trust are considered a related party holding, as the reporting person and her spouse are the sole trustees and beneficiaries. However, the reported transactions are with the issuer (EPLUS INC) for tax withholding, not a direct transaction with the trust.

Stakeholder Impact

• Shareholders: The report provides transparency regarding executive stock ownership and compensation, which is generally positive for corporate governance. The disposition of shares is for tax purposes and not a discretionary sale, thus it typically has minimal impact on shareholder perception.
• Employees: The vesting of restricted stock awards can be seen as a positive sign of executive retention and a standard part of compensation packages.

Key Dates

Keywords

EPLUS Inc., PLUS, SEC Form 4, Insider Trading, Stock Vesting, Restricted Stock Award, Tax Withholding, Chief Financial Officer, Elaine D. Marion, Common Stock