Form 4: EPLUS Director Receives Restricted Stock Grant

EPLUS Inc. Director Maureen F. Morrison was granted 1,478 shares of restricted common stock under the company's 2024 incentive plan.

Summary

• Maureen F. Morrison, a Director of EPLUS Inc., acquired 1,478 shares of common stock on October 1, 2025.
• The acquisition was a restricted stock award granted under the Company's 2024 Non-Employee Director Long Term Incentive Plan.
• The shares were granted at a price of $0, indicating an equity award rather than a purchase.
• Following this transaction, Maureen F. Morrison beneficially owns a total of 13,838 shares of EPLUS Inc. common stock.
• The restricted shares are subject to a Restriction Period of one year, ending on the first anniversary of the grant date (October 1, 2026).
• Under certain circumstances, the restrictions may lapse earlier, or the shares may be forfeited and transferred back to the Company.

Sentiment

Score: 7

Explanation: The grant of restricted stock to a director is a positive step in aligning management and shareholder interests, reflecting standard corporate governance practices. It is a routine event with a mildly positive sentiment.

Positives

• The grant of restricted stock aligns the director's financial interests with those of the shareholders, promoting long-term value creation.
• Utilization of the 2024 Non-Employee Director Long Term Incentive Plan demonstrates a structured approach to director compensation and retention.

Risks

• The restricted shares are subject to a Restriction Period and may be forfeited and transferred back to the Company under certain circumstances as described in the Plan.

Future Outlook

The restricted stock award is subject to a one-year restriction period, implying that the shares will vest and become fully owned by the director after October 1, 2026, provided the conditions for forfeiture are not met.

Industry Context

The grant of restricted stock to non-employee directors is a standard practice in corporate governance across various industries, including technology and IT solutions, to incentivize long-term commitment and align leadership interests with shareholder value.

Comparison to Industry Standards

• The grant of restricted stock to a non-employee director is a common and widely accepted practice across various industries, including technology and IT solutions providers like EPLUS Inc.
• This method of compensation is frequently used by companies of similar market capitalization and operational scope to align director incentives with long-term shareholder value.
• The structure of this equity award is consistent with industry benchmarks for non-executive director remuneration.

Corporate Governance

Stakeholder Impact

• Shareholders: Benefits from increased alignment of director's interests with long-term company performance and shareholder value.

Next Steps

• The restricted shares will vest upon the expiration of the one-year Restriction Period on October 1, 2026, assuming all conditions are met.

Key Dates

Recommendation

This Form 4 filing reports a routine restricted stock grant to a non-employee director, which is a standard compensation practice. It does not contain information significant enough to alter an investment recommendation for EPLUS Inc. at this time.

Keywords

EPLUS INC, PLUS, Maureen F. Morrison, Form 4, Restricted Stock, Stock Grant, Director Compensation, Equity Award, Incentive Plan, Insider Transaction