Ennis general counsel Daniel Gus exercises 2,603 options
The 10,811-unit award is scheduled to vest 33%, 33% and 34% on April 21, 2025, April 20, 2026 and April 19, 2027, with an ownership-based option-conversion condition.
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Rhea-AI Filing Summary
Daniel Gus, Ennis, Inc.’s General Counsel & Secretary, exercised 2,603 incentive stock options at an exercise price of $17.27 on October 6, 2026, acquiring 2,603 common shares. He reported 20,851 common shares held directly after the transaction. Reported derivative positions include 1,000 shares remaining under the April 21, 2025 option grant, 8,750 options at $19.88, 3,603 options at $19.76, and 3,605 restricted stock units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | ISO granted 4/21/2025 F2 | 2,603 | $17.27 | $45K |
| Exercise | Common Stock F1 | 2,603 | $17.27 | $45K |
| holding | ISO granted 4/21/2023 F1 | -- | -- | -- |
| holding | RSU granted 4/19/2024 F2 | -- | -- | -- |
| holding | ISO granted 04/20/2026 F2 | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. Time-Based Restricted units of 10,811 RSUs 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.
Key Figures
Key Terms
incentive stock options technical
Time-Based Restricted units technical
Subject Units technical
FAQ
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When do the EBF general counsel’s restricted units vest?
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