Tara L. Heath - Mar 1, 2025 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role
Chief Legal Officer
Signature
Michael G. Andrews under POA for Tara L. Heath
Stock symbol
SAM
Transactions as of
Mar 1, 2025
Transactions value $
-$38,272
Form type
4
Date filed
3/4/2025, 04:02 PM
Previous filing
Mar 4, 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 Tax liability -$38.3K -157 -3.89% $243.77 3.88K Mar 1, 2025 Direct F1
transaction SAM Class A Common Award $0 +8.21K +211.36% $0.00 12.1K Mar 1, 2025 Direct F2, F3

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, 2023 Stock Option Award $0 +360 $0.00 360 Mar 1, 2025 Class A Common 1.08K $323.80 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer "net withheld" the vesting of a percentage of shares to satisfy the tax obligations of the Reporting Person flowing from the vesting of Restricted Stock Units ("RSUs"). The Reporting Person had a total of 530 RSUs vest on March 1, 2025.
F2 Represents grants of Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan ("EEIP"). The details of these grants were disclosed in a Current Report on Form 8-K filed by the Issuer on February 11, 2025.
F3 The shares reported include 9,812 shares of restricted stock subject to vesting conditions.
F4 The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2023. In February 2025, the Compensation Committee determined that the performance criteria had been achieved. The options vest in three equal installments on March 1 in the years 2025-2027, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations.