Form 4: EPLUS INC: CEO Mark Marron Reports Stock Transaction
SEC Form 4
CEO Mark Marron reports disposition of shares to cover tax obligations from vesting restricted stock.
Summary
- Mark P. Marron, CEO of EPLUS INC, reported a transaction involving the company's common stock on June 8, 2024.
- 3,771 shares were disposed of to cover tax liabilities arising from the vesting of a restricted stock award.
- The transaction was executed at a price of $73.59 per share.
- Following the transaction, Marron directly owns 75,103 shares of common stock.
- Marron also indirectly owns 106,502 shares through a revocable trust and no shares through another trust.
- Marron no longer has a reportable beneficial interest in 4,754 shares owned by one of his children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common across publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is related to tax obligations from executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/08/2022 | Date of original restricted stock award grant. |
| 06/10/2022 | Date of original Form 4 filing for the restricted stock award. |
| 06/08/2024 | Date of the reported transaction (disposal of shares for tax liability). |
| 06/12/2024 | Date of signature on the Form 4 filing. |
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