Michael Spillane - Apr 1, 2024 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role
President and CEO, Director
Signature
Michael G. Andrews under POA for Michael Spillane
Stock symbol
SAM
Transactions as of
Apr 1, 2024
Transactions value $
$2,000,039
Form type
4
Date filed
4/2/2024, 08:32 AM
Previous filing
May 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Award $2M +6.57K +3220.59% $304.42 6.77K Apr 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 April 1, 2024 Stock Option Options Exercise $0 +21.2K $0.00 21.2K Apr 1, 2024 Class A Common 21.2K $304.42 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 22, 2024.
F2 The shares reported include 6,774 shares of restricted stock subject to vesting conditions.
F3 On April 1, 2024, the Issuer granted the Reporting Person time-based non-qualified options. 50% of the option shares will vest on April 1, 2026, 25% on April 1, 2027, and 25% on April 21, 2028, contingent on the Reporting Person's continued employment by the Issuer on the applicable vesting dates, and subject to accelerated vesting in certain situations.