Ennis (EBF) COO Boyne Wade Brewer Converts Derivatives into 3,103 Shares

What Happened
Boyne Wade Brewer, Chief Operating Officer of Ennis, Inc. (EBF), converted derivative securities into 3,103 shares of Ennis common stock on September 22, 2026. The conversion covered 2,000 shares at $19.76 (value $39,520) and 1,103 shares at $17.27 (value $19,049), for a total value of $58,569. The filing records both the acquisition of the underlying shares and the corresponding disposition/cancellation of the derivative instruments.

Key Details

• Transaction date: 2026-09-22; Form 4 filed 2026-09-23 (timely).
• Shares acquired: 3,103 total (2,000 @ $19.76; 1,103 @ $17.27). Total reported value ≈ $58,569.
• Dispositions shown are of the derivative instruments (conversion/cancellation), not open‑market sales of shares.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Relevant footnotes on the filing:
  • F1/F2: Option contracts generally expire 10 years from grant; some options vest over time (1/3 annually under F2); options were granted at market price on grant date.
  • F3: Time‑based restricted units granted 4/19/2024 vest over 2025–2027; includes a provision converting some units to incentive stock options if ownership thresholds aren’t met.

Context
This reporting reflects conversion/exercise of derivative instruments into common stock (not an open‑market purchase or sale). Such conversions are often routine actions tied to option/award terms; they do not, by themselves, indicate the insider is buying additional shares on the open market or selling holdings.