Ennis counsel exercises awards, gets new stock options
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Form Type
4
Rhea-AI Filing Summary
ENNIS, INC. General Counsel & Secretary Gus Daniel reported routine equity compensation activity. On April 20, 2026, he exercised derivative awards to acquire 1,802 shares of common stock at a stated price of $0.00 per share, bringing his direct common stock holdings to 18,247.5131 shares.
On the same date, 3,603 restricted stock units granted April 19, 2024 converted into an equivalent number of common shares as part of their vesting schedule. Daniel also received a new grant of 3,603 incentive stock options dated April 20, 2026, with an exercise price of $19.76 per share and an expiration date of April 20, 2036.
After these transactions, he continues to hold unexercised incentive stock options covering 3,603 underlying shares from an April 21, 2025 grant at an exercise price of $17.27 and 8,750 underlying shares from an April 21, 2023 grant at an exercise price of $19.88, all as direct holdings. The filing shows no open-market purchases or sales, only grants, vesting, and option exercises.
Insider Trade Summary
3,603 shares exercised/converted
Exercise
5 txns
Insider
GUS DANIEL
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RSU granted 4/19/2024 | 3,603 | $0.00 | $0.00 |
| Grant/Award | ISO granted 4/20/2026 | 3,603 | $19.76 | $71K |
| Exercise | Common Stock | 1,802 | $0.00 | $0.00 |
| holding | ISO granted 4/21/2023 | -- | -- | -- |
| holding | ISO granted 4/21/2025 | -- | -- | -- |
Holdings After Transaction:
RSU granted 4/19/2024 — 3,605 contracts (Direct);
ISO granted 4/20/2026 — 3,603 contracts (Direct);
Common Stock — 18,247.5131 shares (Direct);
ISO granted 4/21/2023 — 8,750 contracts (Direct);
ISO granted 4/21/2025 — 3,603 contracts (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
Common shares acquired via exercise: 1,802 shares
Common shares held after transaction: 18,247.5131 shares
RSUs converted to common: 3,603 shares
+4 more
7 metrics
Common shares acquired via exercise
1,802 shares
Common Stock, transaction date April 20, 2026
Common shares held after transaction
18,247.5131 shares
Direct common stock holdings following April 20, 2026 activity
RSUs converted to common
3,603 shares
RSU granted April 19, 2024, exercised April 20, 2026
New incentive stock option grant
3,603 options
ISO granted April 20, 2026, underlying common shares
ISO exercise price (2026 grant)
$19.76 per share
Exercise price for ISO granted April 20, 2026
Remaining ISO underlying shares (2025 grant)
3,603 shares
Exercise price $17.27 per share, direct holding
Remaining ISO underlying shares (2023 grant)
8,750 shares
Exercise price $19.88 per share, direct holding
Key Terms
incentive stock options, Time-Based Restricted Units, vesting, exercise price, +1 more
5 terms
incentive stock options financial
"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."
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 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."
vesting financial
"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."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"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."
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.
restricted stock units financial
"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."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Ennis (EBF) report for Gus Daniel on this Form 4?
Gus Daniel reported equity awards, vesting, and an option exercise. He exercised derivative awards to receive common shares, had restricted stock units convert into common stock, and received a new grant of incentive stock options. The activity reflects compensation and not open-market trading.
What new stock option grant did Gus Daniel receive from Ennis (EBF)?
Gus Daniel received 3,603 incentive stock options on April 20, 2026. The options have an exercise price of $19.76 per share, expire on April 20, 2036, and relate to Ennis common stock, according to the Form 4 disclosure.
What unexercised stock options does Gus Daniel retain in Ennis (EBF)?
He retains incentive stock options from 2023 and 2025 grants. These cover 3,603 underlying shares at a $17.27 exercise price and 8,750 underlying shares at a $19.88 exercise price, all tied to Ennis common stock and held directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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