Form 4: EPLUS COO Darren Raiguel Reports Routine Tax Withholding on Restricted Stock Vesting

EPLUS Inc.'s Chief Operating Officer, Darren S. Raiguel, reported the withholding of 5,435 shares of common stock to cover tax liabilities associated with the partial vesting of restricted stock awards.

Summary

• Darren S. Raiguel, Chief Operating Officer of EPLUS Inc. (PLUS), filed a Form 4 reporting changes in his beneficial ownership.
• On June 14, 2025, 2,643 shares of Common Stock were withheld at a price of $68.94 per share to cover tax liabilities from the partial vesting of a restricted stock award granted on June 14, 2023.
• On the same date, an additional 2,792 shares of Common Stock were withheld at $68.94 per share for tax liabilities related to the partial vesting of a restricted stock award granted on June 14, 2024.
• Following these transactions, Mr. Raiguel directly beneficially owns 53,547 shares of Common Stock.
• Additionally, 43,569 shares are indirectly beneficially owned through the Darren S. Raiguel Trust, where he and his spouse are sole trustees and beneficiaries.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction (tax withholding on RSU vesting) which is neutral in sentiment, reflecting standard compensation practices rather than a discretionary sale or purchase.

Positives

• The transactions represent the vesting of previously granted restricted stock awards, indicating continued employment and performance by the Chief Operating Officer.
• The withholding of shares for tax liability is a standard and expected procedure upon the vesting of equity awards, not a discretionary sale by the insider.

Negatives

• The direct beneficial ownership of Common Stock by Darren S. Raiguel decreased by a total of 5,435 shares due to tax withholding.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• 43,569 shares are indirectly beneficially owned through the Darren S. Raiguel Trust, where the reporting person and his spouse are the sole trustees and beneficiaries.

Stakeholder Impact

• Shareholders: Minimal impact, as the transaction is a routine tax withholding and not a discretionary sale indicating a change in management's confidence.
• Employees: No direct impact on general employees.

Key Dates

Keywords

EPLUS, PLUS, Form 4, Insider Transaction, Restricted Stock Unit, RSU, Tax Withholding, Beneficial Ownership, Chief Operating Officer, Darren S. Raiguel