Tara L. Heath - Mar 1, 2022 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role
Vice President, Legal
Signature
Michael G. Andrews under POA for Tara L. Heath
Stock symbol
SAM
Transactions as of
Mar 1, 2022
Transactions value $
-$29,143
Form type
4
Date filed
3/2/2022, 03:25 PM
Previous filing
Jan 4, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Tax liability -$29.1K -76 -4% $383.46 1.82K Mar 1, 2022 Direct F1, F2
transaction SAM Class A Common Award $0 +783 +42.95% $0.00 2.61K Mar 1, 2022 Direct F2, F3
* 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 257 RSUs vest on March 1, 2022.
F2 The shares reported include 1,320 shares of restricted stock subject to vesting conditions.
F3 On March 1, 2022, the Issuer granted 783 RSUs to the Reporting Person under the Issuer's Employee Equity Incentive Plan ("EEIP"). The shares will vest in four equal installments over a four year period, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates, and subject to accelerated vesting in certain situations.