Benefit Philip A. Hodges - 01 Mar 2025 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
Issuer symbol
SAM
Transactions as of
01 Mar 2025
Net transactions value
-$108,234
Form type
4
Filing time
04 Mar 2025, 16:02:16 UTC
Previous filing
04 Mar 2024
Next filing
12 Aug 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Tax liability $108,234 -444 -2.7% $243.77 15,804 01 Mar 2025 Direct F1
transaction SAM Class A Common Award $0 +4,103 +26% $0.000000 19,907 01 Mar 2025 Direct F2, F3

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 +3,319 +100% $0.000000 6,638 01 Mar 2025 Class A Common 13,276 $330.68 Direct F4
* 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, 2025.
F2 Represents a grant of Performance-Based RSUs under the Issuer's Restated Employee Equity Incentive Plan. The details of these grants were disclosed in a Current Report on Form 8-K filed by the Issuer on February 11, 2025.
F3 The shares reported include 16,201 shares of restricted stock subject to vesting conditions.
F4 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.