Form 4: Ennis Inc. CFO Vera Burnett Reports Stock Transactions
SEC Form 4 Filing
CFO and Treasurer of Ennis, Inc., Vera Burnett, reports acquisition and disposal of common stock and restricted stock units (RSUs).
Summary
- Vera Burnett, CFO and Treasurer of Ennis, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On April 22, 2024, Burnett acquired 15,933 shares of common stock upon vesting of performance-based restricted stock units granted on April 19, 2021.
- Also on April 22, 2024, 1,619 restricted units vested, resulting in the acquisition of 1,619 shares of common stock.
- Burnett directly owns 22,387 shares of common stock following these transactions.
- Burnett also holds 10,811 restricted stock units that vest one-third annually commencing on the first anniversary date of grant.
- Additionally, Burnett holds options to purchase 10,000 shares of common stock at an exercise price of $19.88, granted on April 21, 2023, which vest one-third annually.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider, and does not contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to previously granted equity compensation.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/19/2021 | Grant date of performance-based restricted stock units that vested on 04/22/2024 |
| 04/21/2023 | Grant date of stock options, exercisable 1/3 annually commencing on the first anniversary of grant |
| 04/22/2023 | One-half of restricted units vest |
| 04/19/2024 | Date of grant of 10,811 restricted units that vest one-third annually commencing on the first anniversary date of grant. |
| 04/22/2024 | Date of stock acquisition due to vesting of performance-based restricted stock units and restricted units |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.