Tara L. Heath - Mar 1, 2024 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, 2024
Transactions value $
-$49,302
Form type
4
Date filed
3/4/2024, 04:03 PM
Previous filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Tax liability -$49.3K -160 -5.52% $308.14 2.74K Mar 1, 2024 Direct F1, F2
transaction SAM Class A Common Award $0 +1.3K +47.45% $0.00 4.04K Mar 1, 2024 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 469 RSUs vest on March 1, 2024.
F2 The shares reported include 2,135 shares of restricted stock subject to vesting conditions.
F3 Represents grants of 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 22, 2024.