ePlus (PLUS) GC covers tax on RSU vesting with 300 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ePlus Inc. General Counsel Erica Steinacker Stoecker reported routine tax-related share dispositions. A total of 300 shares of common stock were withheld at $83.19 per share to cover tax liabilities arising from partial vesting of restricted stock awards granted on June 14, 2023 and June 14, 2024. Following these tax-withholding dispositions, she holds 6,204 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stoecker Erica Steinacker
Role
GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 163 | $83.19 | $14K |
| Tax Withholding | Common Stock | 137 | $83.19 | $11K |
Holdings After Transaction:
Common Stock — 6,204 shares (Direct, null)
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. 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.
Key Figures
Shares withheld for taxes (2023 award): 137 shares
Shares withheld for taxes (2024 award): 163 shares
Total shares withheld for taxes: 300 shares
+2 more
5 metrics
Shares withheld for taxes (2023 award)
137 shares
Tax-withholding disposition tied to June 14, 2023 restricted stock award
Shares withheld for taxes (2024 award)
163 shares
Tax-withholding disposition tied to June 14, 2024 restricted stock award
Total shares withheld for taxes
300 shares
Sum of two F-code tax-withholding dispositions on June 14, 2026
Withholding price per share
$83.19 per share
Price used for tax-withholding dispositions of common stock
Shares held after transaction
6,204 shares
Direct holdings of common stock following tax withholding
Key Terms
tax-withholding disposition, restricted stock award, Common Stock, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for payment of tax liability"
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.
Common Stock financial
"security_title: Common Stock in the non-derivative transactions"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) shows the reported transactions"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did ePlus (PLUS) report for Erica Steinacker Stoecker?
ePlus General Counsel Erica Steinacker Stoecker reported a routine tax-withholding transaction. The company withheld 300 shares of common stock to satisfy tax liabilities triggered by partial vesting of restricted stock awards granted in June 2023 and June 2024.
Was this ePlus (PLUS) Form 4 an open-market sale by the General Counsel?
No, the Form 4 describes tax-withholding dispositions, not open-market sales. Shares were withheld by ePlus to pay tax liabilities from partial vesting of restricted stock awards, a common administrative process for equity compensation rather than a discretionary trade in the market.
What ePlus (PLUS) equity awards triggered the tax-withholding transaction?
The tax withholding relates to partial vesting of restricted stock awards granted on June 14, 2023 and June 14, 2024. When these awards partially vested, ePlus withheld shares to cover associated tax liabilities instead of requiring separate cash payments from the executive.