Form 4: Ennis Inc. Executive Boyne Wade Brewer Acquires Shares Through Option Exercise
SEC Form 4 Filing
Boyne Wade Brewer, Chief Operating Officer of Ennis, Inc., reports acquisition of company stock through option exercise and vesting of restricted stock units.
Summary
- On May 12, 2025, Boyne Wade Brewer, the Chief Operating Officer of Ennis, Inc., acquired 2,500 shares of common stock by exercising an option at a price of $17.27 per share.
- This transaction was executed pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
- Following the transaction, Brewer directly owns 21,684 shares of Ennis, Inc.
- Brewer also holds derivative securities, including incentive stock options (ISOs) and restricted stock units (RSUs).
- Specifically, Brewer holds 6,667 ISOs granted on April 21, 2023, with an exercise price of $19.88, and 7,208 RSUs granted on April 19, 2024.
- Additionally, Brewer holds 1,103 ISOs granted on April 21, 2025, with an exercise price of $17.27.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard Form 4 filing indicating insider transactions. The acquisition of shares could be seen as a slightly positive signal, but it's not a major event.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 04/21/2023 | Date of ISO grant (6,667 shares) with an exercise price of $19.88. |
| 04/19/2024 | Date of RSU grant (7,208 shares) which vest over three years. |
| 05/12/2025 | Date of transaction: Acquisition of 2,500 shares through option exercise at $17.27 per share. |
| 04/21/2025 | Date of ISO grant (1,103 shares) with an exercise price of $17.27. |
| 04/21/2035 | Expiration date of ISO grant (1,103 shares) with an exercise price of $17.27. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Stock Options, Restricted Stock Units, Ennis Inc., EBF, Boyne Wade Brewer, Chief Operating Officer
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