Ennis COO exercises options for 3,103 shares
The reported post-transaction awards also included 1,603 options, 6,667 options under another grant, and 3,605 time-based restricted units.
Rhea-AI Filing Summary
ENNIS, INC. (EBF) Chief Operating Officer Boyne Wade Brewer converted two option awards into 3,103 common shares on September 22, 2026: 1,103 shares at an exercise price of $17.27 and 2,000 at $19.76. The associated option positions were reported as 0 and 1,603 shares afterward. Other listed awards included 6,667 options at a $19.88 exercise price and 3,605 time-based restricted units. No Rule 10b5-1 plan is reported.
Insider Trade Summary
3,103 shares exercised/converted
Exercise
6 txns
Insider
BREWER BOYNE WADE
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | ISO granted 4/21/2025 Right-to-Buy F1 | 1,103 | $17.27 | $19K |
| Conversion | ISO granted 04/20/2026 F1 | 2,000 | $19.76 | $40K |
| Conversion | Common Stock F1 | 2,000 | $19.76 | $40K |
| Conversion | Common Stock F1 | 1,103 | $17.27 | $19K |
| holding | ISO granted 4/21/2023 (Right-to-Buy) F2 | -- | -- | -- |
| holding | RSU granted 4/19/2024 F3 | -- | -- | -- |
Holdings After Transaction:
ISO granted 4/21/2025 Right-to-Buy — 0 contracts (Direct);
ISO granted 04/20/2026 — 1,603 contracts (Direct);
Common Stock — 28,589 shares (Direct);
ISO granted 4/21/2023 (Right-to-Buy) — 6,667 contracts for 0 underlying shares (Direct);
RSU granted 4/19/2024 — 3,605 contracts for 0 underlying shares (Direct)
Footnotes (3)
- F1. Option Contract expires ten years from date of grant and is immediately exercisable. All option contracts are granted at market price on date of grant.
- 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.
- F3. 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 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 following: 1) 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.
Key Figures
Common shares acquired: 1,103 shares
Exercise price: $17.27 per share
Common shares acquired: 2,000 shares
+4 more
7 metrics
Common shares acquired
1,103 shares
Conversion on September 22, 2026, at an exercise price of $17.27
Exercise price
$17.27 per share
For the conversion of 1,103 shares on September 22, 2026
Common shares acquired
2,000 shares
Conversion on September 22, 2026, at an exercise price of $19.76
Exercise price
$19.76 per share
For the conversion of 2,000 shares on September 22, 2026
Options remaining from one award
1,603 options
Reported after the September 22, 2026 conversion
Options in another award
6,667 options
Reported with a $19.88 exercise price
Time-based restricted units
3,605 units
Award granted April 19, 2024
Key Terms
incentive stock options, Time-Based Restricted Units, immediately exercisable, vest
4 terms
incentive stock options financial
"fifty percent of the Time-Based Subject Units shall convert to incentive stock options"
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.
Time-Based Restricted Units financial
"Time-Based Restricted Units granted 4/19/2024"
immediately exercisable financial
"Option Contract expires ten years from date of grant and is immediately exercisable"
vest financial
"thirty-three percent (33%) vest on April 21, 2025"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Ennis (EBF) Chief Operating Officer Boyne Wade Brewer report?
Boyne Wade Brewer converted two option awards into 1,103 and 2,000 common shares on September 22, 2026.
What were the exercise prices for the EBF option conversions?
The reported exercise prices were $17.27 for 1,103 shares and $19.76 for 2,000 shares.
What other EBF equity awards were listed after the conversions?
The reported positions included 1,603 options from one award, 6,667 options from another award with a $19.88 exercise price, and 3,605 time-based restricted units.
Were the EBF transactions reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
