Ennis (NYSE: EBF) CFO adds options and boosts equity holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ENNIS, INC. CFO and Treasurer Vera Burnett reported routine equity compensation activity and updated holdings. She exercised derivative awards to acquire 1,802 shares of common stock at $0.0000 per share, bringing her direct common stock holdings to 29,608 shares. She also received an incentive stock option grant labeled “ISO granted 04/20/2026” covering 3,603 underlying common shares at an exercise price of $19.7600 per share.
Separately, a restricted stock unit award granted on 4/19/2024 was partially converted, covering 3,603 underlying common shares, leaving 3,605 RSU-related derivative units shown as outstanding. Burnett continues to hold incentive stock options granted on 4/21/2025 and 4/21/2023 with exercise prices of $17.2700 and $19.8800, respectively, covering 3,603 and 6,667 underlying common shares. She also has 1,214 common shares held indirectly through a Roth IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,603 shares exercised/converted
Mixed
6 txns
Insider
BURNETT VERA
Role
CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU granted 4/19/2024 | 3,603 | $0.00 | -- |
| Grant/Award | ISO granted 04/20/2026 | 3,603 | $19.76 | $71K |
| Exercise | Common Stock | 1,802 | $0.00 | -- |
| holding | ISO granted 4/21/2023 | -- | -- | -- |
| holding | ISO granted 4/21/2025 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
RSU granted 4/19/2024 — 3,605 shares (Direct, null);
ISO granted 04/20/2026 — 3,603 shares (Direct, null);
Common Stock — 29,608 shares (Direct, null);
ISO granted 4/21/2023 — 6,667 shares (Direct, null);
ISO granted 4/21/2025 — 3,603 shares (Direct, null);
Common Stock — 1,214 shares (Indirect, By Roth IRA)
Footnotes (1)
- 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. 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
Common shares acquired via exercise: 1,802 shares
Direct common stock holdings: 29,608 shares
Indirect Roth IRA holdings: 1,214 shares
+4 more
7 metrics
Common shares acquired via exercise
1,802 shares
Derivative exercise of Common Stock at $0.0000 per share
Direct common stock holdings
29,608 shares
Total Ennis common shares held directly after transactions
Indirect Roth IRA holdings
1,214 shares
Ennis common stock held indirectly through Roth IRA
New ISO grant 04/20/2026
3,603 shares at $19.7600
Incentive stock option covering underlying common shares
RSU conversion underlying shares
3,603 shares
RSU granted 4/19/2024 exercising into common stock
Remaining ISO 4/21/2025
3,603 shares at $17.2700
Incentive stock option outstanding, underlying common shares
Remaining ISO 4/21/2023
6,667 shares at $19.8800
Incentive stock option outstanding, underlying common shares
Key Terms
Time-Based Restricted Units, incentive stock options, Roth IRA, option contract, +1 more
5 terms
Time-Based Restricted Units financial
"Time-Based Restricted Units granted 4/19/2024 vest as follows"
incentive stock options financial
"fifty percent (50%) 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.
Roth IRA financial
"nature_of_ownership": "By Roth IRA""
A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.
option contract financial
"Option contract expires ten years from date of grant"
exercise price financial
"All option contracts are granted at market price on date of grant"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Ennis (EBF) CFO Vera Burnett do in this Form 4?
Vera Burnett reported routine equity compensation updates, including exercising derivative awards into 1,802 Ennis common shares and receiving a new incentive stock option grant for 3,603 underlying shares. These transactions adjusted her holdings but did not involve open-market buying or selling.
What new stock options did the Ennis (EBF) CFO receive?
Burnett received an incentive stock option grant dated April 20, 2026, labeled “ISO granted 04/20/2026,” covering 3,603 underlying Ennis common shares at an exercise price of $19.7600 per share. This grant is part of her equity compensation package.
What derivative awards does the Ennis (EBF) CFO still hold after this filing?
She continues to hold incentive stock options granted April 21, 2025 and April 21, 2023, with exercise prices of $17.2700 and $19.8800, covering 3,603 and 6,667 underlying shares. RSUs granted April 19, 2024 remain outstanding with 3,605 units reported after conversions.
How do the Ennis (EBF) RSUs granted April 19, 2024 vest for the CFO?
Footnotes state time-based restricted units granted April 19, 2024 vest 33% on April 21, 2025, 33% on April 20, 2026, and 34% on April 19, 2027. If ownership thresholds are not met, part of these units convert into incentive stock options.