ePlus (PLUS) general counsel gains 7 shares through Employee Stock Purchase Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ePlus inc. general counsel Erica Steinacker Stoecker acquired 7 shares of common stock through the company’s Employee Stock Purchase Plan. The shares were credited at a price of $70.7455 per share. Following this plan-related acquisition, she directly holds 7,397 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stoecker Erica Steinacker
Role
GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7 | $70.7455 | $495.22 |
Holdings After Transaction:
Common Stock — 7,397 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares acquired: 7 shares
Acquisition price: $70.7455 per share
Total holdings after: 7,397 shares
3 metrics
Shares acquired
7 shares
Employee Stock Purchase Plan acquisition
Acquisition price
$70.7455 per share
Price for ESPP shares
Total holdings after
7,397 shares
Direct common stock ownership after transaction
Key Terms
Employee Stock Purchase Plan, Section 16(b), Rule 16b-3(c) and (d)
3 terms
Employee Stock Purchase Plan financial
"These shares were acquired under the ePlus inc. Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Section 16(b) regulatory
"transactions that were exempt from Section 16(b) of the Exchange Act"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(c) and (d) regulatory
"under SEC Exchange Act Rule 16b-3(c) and (d)"
FAQ
What insider transaction did ePlus (PLUS) report for Erica Steinacker Stoecker?
Erica Steinacker Stoecker acquired 7 shares of ePlus common stock through the Employee Stock Purchase Plan. The shares were granted under an exempt plan transaction and increased her direct holdings to 7,397 shares after the acquisition.
Is the ePlus (PLUS) insider transaction a market trade or a plan grant?
The transaction is a plan-related acquisition, not an open-market trade. It reflects 7 shares obtained through the Employee Stock Purchase Plan, categorized as a grant, award, or other acquisition under code A in the Form 4.