Diego Reynoso - Oct 31, 2023 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role
CFO and Treasurer
Signature
Michael G. Andrews under POA for the benefit of Diego Reynoso
Stock symbol
SAM
Transactions as of
Oct 31, 2023
Transactions value $
$0
Form type
4
Date filed
11/6/2023, 04:03 PM
Previous filing
Sep 7, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Award $0 +4.5K $0.00 4.5K Oct 31, 2023 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 October 31, 2023 Stock Option Award $0 +9.72K $0.00 9.72K Oct 31, 2023 Class A Common 0 $333.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 31, 2023, the Issuer granted 4,498 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, with the first vesting commencing on March 1, 2024, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates, and subject to accelerated vesting in certain situations.
F2 The shares reported include 4,498 shares of restricted stock subject to vesting conditions.
F3 The Time-Based Stock Options were granted pursuant to the Issuer's EEIP on October 31, 2023. The shares will vest in four equal installments over a four-year period, with the first vesting commencing on March 1, 2024, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates, and subject to accelerated vesting in certain situations.

Remarks:

This Form 4 is being filed late due to inadvertent administrative error.