Michael Spillane - Mar 1, 2025 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role
President and CEO, Director
Signature
Michael G. Andrews under POA for Michael Spillane
Stock symbol
SAM
Transactions as of
Mar 1, 2025
Transactions value $
$0
Form type
4
Date filed
3/4/2025, 04:01 PM
Previous filing
Apr 2, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Award $0 +4.1K +62.45% $0.00 10.7K Mar 1, 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SAM March 1, 2025 Performance-Based Stock Option Award $0 +26.8K $0.00 26.8K Mar 1, 2025 Class A Common 26.8K $243.77 Direct F3
transaction SAM March 1, 2025 Time-Based Stock Option Award $0 +27.4K $0.00 27.4K Mar 1, 2025 Class A Common 27.4K $243.77 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grants of Performance-Based Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan ("EEIP"). The details of this grants was disclosed in a Current Report on Form 8-K filed by the Issuer on February 11, 2025.
F2 The shares comprise of 10,673 shares of restricted stock subject to vesting conditions.
F3 The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2025. The extent to which the options become exercisable is dependent upon the Company achieving certain performance criteria, as outlined in a Current Report on Form 8-K filed by the Issuer on February 11, 2025.
F4 The Time-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2025. The options will vest 25% annually on March 1 in the years 2026 to 2029 contingent on the reporting person's continued employment with the Issuer on the on the applicable vesting dates, and subject to accelerated vesting in certain situations.