PLUS Form 4: Director granted 1,478 RSAs and moves 2,687 shares to trust
Rhea-AI Filing Summary
Bruce M. Bowen, a director of ePlus Inc. (PLUS), reported several transactions dated 10/01/2025 on Form 4. He received a grant of 1,478 restricted shares under the company’s 2024 Non-Employee Director Long Term Incentive Plan that vest after a one-year restriction period. On the same date he transferred 2,687 shares from his personal account to the Bruce Montague Bowen Trust for no consideration; he is the trustee and sole beneficiary and remains the beneficial owner of those shares. He was also issued 300 shares by election in lieu of cash compensation. The Form lists various post-transaction holdings, including 4,165 shares shown as direct ownership and 15,213 shares held indirectly by the trust.
Positive
- 1,478 restricted shares granted under the 2024 Non-Employee Director Long Term Incentive Plan
- Election to receive 300 shares in lieu of cash compensation, aligning director pay with equity
- Transfer of 2,687 shares to the Bruce Montague Bowen Trust while retaining beneficial ownership
Negative
- None.
Insights
Director received restricted shares and moved shares into a personal trust on 10/01/2025.
The filing shows a 1,478-share restricted award under the 2024 Non-Employee Director Long Term Incentive Plan with a one-year restriction period, indicating compensation rather than an open-market purchase.
The reporting person transferred 2,687 shares into the Bruce Montague Bowen Trust for no consideration while remaining trustee and sole beneficiary; the filing explicitly states he remains the beneficial owner.
Use of trusts and equity compensation are documented; holdings updated on Form 4.
The Form discloses an election to receive 300 shares in lieu of cash compensation, showing the director used plan flexibility to take equity compensation. Post-transaction holdings shown include 4,165 direct shares and 15,213 indirect shares via trust, per the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,478 | $0.00 | -- |
| Other | Common Stock | 2,687 | $0.00 | -- |
| Other | Common Stock | 2,687 | $0.00 | -- |
| Grant/Award | Common Stock | 300 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This restricted stock award consists of shares of common stock of the Company (the "Restricted Shares"). The Restricted Shares were granted pursuant to the Company's 2024 Non-Employee Director Long Term Incentive Plan (the "Plan") and are subject to a Restriction Period beginning on the grant date and ending on the first anniversary of the grant (the "Restriction Period"). As more fully described in the Plan, under certain other circumstances the restrictions may lapse, or the shares may be forfeited and transferred back to the Company. On October 1, 2025, the reporting person transferred 2,687 shares of ePlus inc. common stock from an account owned by the reporting person to the Bruce Montague Bowen Trust for no consideration. The reporting person is trustee of the trust, and the reporting person is the sole beneficiary of the trust. The reporting person remains the beneficial owner of the securities held by the trust. On October 1, 2025, the reporting person was issued 300 shares of common stock (the "Shares"). The Shares were issued pursuant to the reporting person's election to receive the Shares in lieu of cash compensation as permitted under the ePlus' 2024 Non-Employee Director Long Term Incentive Plan.
