Ennis (NYSE: EBF) COO gains common shares and new stock options
Rhea-AI Filing Summary
Ennis, Inc. Chief Operating Officer Boyne Wade Brewer increased his equity stake through equity awards and conversions. He received a grant of 3,603 incentive stock options labeled “ISO granted 4/20/2026 (Right-to-Buy)” at an exercise price of $19.76 per share, tied to Ennis common stock.
On the same date, 3,603 time-based restricted stock units granted 4/19/2024 converted into common shares at a stated conversion price of $0.00, contributing to direct ownership of 25,486 common shares after the transactions. Footnotes describe that Ennis option contracts are granted at market price on the grant date and typically become exercisable in one-third increments annually over ten years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,802 shares
Net Buy
5 txns
Insider
BREWER BOYNE WADE
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU granted 4/19/2024 | 3,603 | $0.00 | $0.00 |
| Grant/Award | ISO granted 4/20/2026 (Right-to-Buy) | 3,603 | $19.76 | $71K |
| Exercise | Common Stock | 1,802 | $0.00 | $0.00 |
| holding | ISO granted 4/21/2023 (Right-to-Buy) | -- | -- | -- |
| holding | ISO granted 4/21/2025 | -- | -- | -- |
Holdings After Transaction:
RSU granted 4/19/2024 — 3,605 shares (Direct);
ISO granted 4/20/2026 (Right-to-Buy) — 3,603 shares (Direct);
Common Stock — 25,486 shares (Direct);
ISO granted 4/21/2023 (Right-to-Buy) — 6,667 shares (Direct);
ISO granted 4/21/2025 — 1,103 shares (Direct)
Footnotes (2)
- F1. Time-Based Restricted Units granted 4/19/2024 vest as follows: 1) thirty-three percent (33%) vest on April 21, 2025; 2) thirty-three percent (33%) vest on April 20, 2026; and 3) thirty-four percent (34%) vest on April 19, 2027. If the participant does not own Ennis common stock equal to value of 200% of the Participant's annual base salary at the time of each vesting date, then the time-based Subject Units vesting on that date shall vest as follows: fifty percent (50%) of the Time-Based Subject Units shall convert to incentive stock options with two incentive stock options issued for each Subject Unit.
- F2. Option contract expires ten years from date of grant, and provides that shares will become exercisable 1/3 annually commencing on the first anniversary of grant. All option contracts are granted at market price on date of grant.
Key Figures
RSUs converted: 3,603 shares
New ISO grant: 3,603 options at $19.76
Common shares after transactions: 25,486 shares
+3 more
6 metrics
RSUs converted
3,603 shares
RSU granted 4/19/2024 converted to common stock on 4/20/2026
New ISO grant
3,603 options at $19.76
ISO granted 4/20/2026 (Right-to-Buy) tied to common stock
Common shares after transactions
25,486 shares
Direct ownership following 4/20/2026 Form 4 transactions
Outstanding ISO 4/21/2023
6,667 underlying shares at $19.88
ISO granted 4/21/2023 (Right-to-Buy), direct ownership type
Outstanding ISO 4/21/2025
1,103 underlying shares at $17.27
ISO granted 4/21/2025, direct ownership type
Derivative exercise from RSUs
3,603 shares
Exercise/conversion of derivative security coded M on 4/20/2026
Key Terms
Time-Based Restricted Units, incentive stock options, Right-to-Buy, Time-Based Subject Units, +1 more
5 terms
Time-Based Restricted Units financial
"Time-Based Restricted Units granted 4/19/2024 vest as follows: 1) thirty-three percent (33%) vest on April 21, 2025"
incentive stock options financial
"fifty percent (50%) of the Time-Based Subject Units shall convert to incentive stock options with two incentive stock options issued"
Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.
Right-to-Buy financial
"ISO granted 4/21/2023 (Right-to-Buy)"
Time-Based Subject Units financial
"then the time-based Subject Units vesting on that date shall vest as follows: fifty percent (50%) of the Time-Based Subject Units shall convert"
option contract financial
"Option contract expires ten years from date of grant, and provides that shares will become exercisable 1/3 annually"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Ennis (EBF) COO Boyne Wade Brewer report in this Form 4?
He reported equity-based compensation activity, including an option grant and RSU conversion into common shares. These transactions increased his direct Ennis common stock holdings and updated his derivative positions, reflecting routine executive compensation rather than open-market buying or selling.
What new stock options did the Ennis (EBF) COO receive?
He received 3,603 incentive stock options identified as “ISO granted 4/20/2026 (Right-to-Buy)” with an exercise price of $19.76 per share. These options are tied to Ennis common stock and are part of his equity-based compensation package as an executive.
How were Ennis (EBF) restricted stock units treated in this filing?
Time-based restricted stock units granted on 4/19/2024 converted into 3,603 common shares at a stated conversion price of $0.00. Footnotes explain the units vest in tranches and may partly convert into incentive stock options, depending on stock ownership thresholds at vesting dates.
What ongoing derivative positions does the Ennis (EBF) COO still hold?
He continues to hold incentive stock options labeled as grants from 4/21/2025 and 4/21/2023, covering 1,103 and 6,667 underlying common shares, respectively. These options have exercise prices of $17.27 and $19.88 per share and remain part of his long-term equity incentives.