Form 4: EPLUS INC CFO Elaine D. Marion Reports Stock Transaction
SEC Form 4 Filing
Elaine D. Marion, CFO of EPLUS INC, reports the withholding of shares for tax liability and beneficial ownership through a trust and IRA.
Summary
- On June 8, 2024, Elaine D. Marion, the Chief Financial Officer of EPLUS INC, reported a transaction involving the company's common stock.
- 2,314 shares were withheld to cover tax liabilities arising from the vesting of a restricted stock award granted on June 8, 2022, at a price of $73.59 per share.
- Following the transaction, Marion directly owns 45,888 shares of common stock.
- Marion also indirectly owns 58,996 shares through the Elaine D. Marion Trust and 424 shares through an IRA.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The transaction itself is neutral, reflecting tax obligations related to stock vesting.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine adjustment of share ownership due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/08/2022 | Date of original restricted stock award grant. |
| 06/08/2024 | Date of stock transaction (shares withheld for tax liability). |
| 06/12/2024 | Date of signature on the Form 4 filing. |
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