Marion Elaine D 4
Research Summary
AI-generated summary
EPLUS CFO Marion Elaine D Withholds 1,860 Shares for Taxes
What Happened
Marion Elaine D, Chief Financial Officer of EPLUS Inc. (PLUS), had 1,860 shares withheld on June 10, 2026 to satisfy tax obligations arising from the partial vesting of a restricted stock award. The shares were valued at $82.15 each, for a total of $152,799. This transaction is a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-06-10. Price: $82.15 per share. Total value: $152,799.
- Transaction type/code: Payment of exercise price or tax liability (F) — shares withheld for taxes.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes: F1 — withholding relates to partial vesting of a restricted stock award granted June 10, 2025 (originally reported June 11, 2025). F2 — the shares are held in a revocable trust for which the reporting person and spouse are sole trustees and beneficiaries.
- Filing timeliness: Reported on 2026-06-10 (no late filing indicated).
Context
Tax-withholding dispositions are routine when restricted stock vests and do not necessarily indicate insider intent to sell or bearish views. This was a withholding to cover tax liability from a prior award, not a market sale or a new purchase.