Tax withholding trims ePlus (PLUS) COO’s direct and trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ePlus Inc. chief operating officer Darren S. Raiguel reported routine equity compensation activity tied to restricted stock vesting. On partial vesting of awards granted on June 14, 2023 and June 14, 2024, a total of 5,534 shares of common stock were withheld at $83.19 per share to cover tax liabilities, which is not an open-market sale. Following these tax-withholding dispositions, Raiguel holds 32,137 ePlus shares directly and 55,748 shares indirectly through a revocable trust for him and his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
RAIGUEL DARREN S
Role
CHIEF OPERATING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,742 | $83.19 | $228K |
| Tax Withholding | Common Stock | 2,792 | $83.19 | $232K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,929 shares (Direct, null);
Common Stock — 55,748 shares (Indirect, By Darren S. Raiguel Trust)
Footnotes (1)
- Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 14, 2023, and originally reported by the reporting person in a Form 4 filed with the Commission on June 16, 2023. Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award granted on June 14, 2024, and originally reported by the reporting person in a Form 4 filed with the Commission on June 18, 2024. The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries.
Key Figures
Tax-withheld shares (2023 award): 2,792 shares
Tax-withheld shares (2024 award): 2,742 shares
Total tax-withheld shares: 5,534 shares
+3 more
6 metrics
Tax-withheld shares (2023 award)
2,792 shares
Shares withheld at $83.19 to pay tax on partial vesting of June 14, 2023 restricted stock award
Tax-withheld shares (2024 award)
2,742 shares
Shares withheld at $83.19 to pay tax on partial vesting of June 14, 2024 restricted stock award
Total tax-withheld shares
5,534 shares
Combined F-code tax-withholding dispositions on June 14, 2026
Withholding price per share
$83.19 per share
Price used for both tax-withholding transactions in common stock
Direct holdings after transactions
32,137 shares
Common stock directly owned by Darren S. Raiguel after tax-withholding dispositions
Indirect trust holdings
55,748 shares
Common stock held indirectly via revocable trust for Raiguel and spouse
Key Terms
tax-withholding disposition, restricted stock award, revocable trust
3 terms
tax-withholding disposition financial
"Represents shares withheld for payment of tax liability arising as a result of the partial vesting of a restricted stock award"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock award financial
"partial vesting of a restricted stock award granted on June 14, 2023"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
revocable trust financial
"The shares are held in a revocable trust, of which the reporting person and his spouse are the sole trustees and beneficiaries."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What did ePlus (PLUS) COO Darren Raiguel report in this Form 4?
The Form 4 shows ePlus COO Darren S. Raiguel had 5,534 shares of common stock withheld to pay taxes on restricted stock vesting, not an open-market sale. It also updates his direct and trust holdings after these routine compensation-related transactions.
How is the revocable trust described in the ePlus (PLUS) Form 4 footnotes?
The Form 4 footnotes state that 55,748 ePlus shares are held in a revocable trust, for which Darren S. Raiguel and his spouse are the sole trustees and beneficiaries. This means those indirect holdings are associated with them through the trust structure.