Philip A. Hodges - Mar 1, 2024 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role
Chief Supply Chain Officer
Signature
Michael G. Andrews under POA for the benefit of Philip A. Hodges
Stock symbol
SAM
Transactions as of
Mar 1, 2024
Transactions value $
-$155,303
Form type
4
Date filed
3/4/2024, 04:07 PM
Previous filing
Jun 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Tax liability -$155K -504 -3.01% $308.14 16.2K Mar 1, 2024 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 May 24, 2023 Stock Option Award $0 +3.32K +33.33% $0.00 13.3K Mar 1, 2024 Class A Common 13.3K $330.68 Direct 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 1,512 RSUs vest on March 1, 2024.
F2 The shares reported include 13,610 shares of restricted stock subject to vesting conditions.
F3 The Time-Based Stock Options were granted pursuant to the Issuer's Restated Employee Equity Incentive Plan ("EEIP") on May 24, 2023. The options vest in four equal installments on March 1 in the years 2024-2027 provided that the Reporting Person remains employed by the Company on certain corresponding dates, and subject to accelerated vesting in certain situations.