Key facts
- This page summarizes David A. Burwick's Form 4 filing for BOSTON BEER CO INC (SAM).
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 04 Mar 2024, 16:07.
David A. Burwick - 01 Mar 2024 Form 4 Insider Report for BOSTON BEER CO INC (SAM)
- Reporting relationship
- President and CEO, Director
- Issuer ticker
- SAM
- Reported as of
- 01 Mar 2024
- Net transaction value
- -$620,594
- SEC form
- 4
- Accepted by SEC
- 04 Mar 2024, 16:07:45 UTC
- Prior SEC filing
- 22 Nov 2023
- Next SEC filing
- 23 May 2024
- Source filing
- View source filing
- Reporting owner signature
- Michael G. Andrews under POA for the benefit of David A. Burwick
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
David A. Burwick filed Form 4 for BOSTON BEER CO INC (SAM) on 04 Mar 2024.
Change
- Previous filing in this sequence was filed on 22 Nov 2023.
- Current net transaction value: -$620,594.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SAM
transaction
Class A Common
Tax liability
- Transaction value
- $620,594
- Shares
- -2,014
- Change %
- -4.2%
- Price
- $308.14
- Shares after
- 45,896
- Date
- 01 Mar 2024
- Ownership
- Direct
- Footnotes
- F1, F2
SAM
holding
Class A Common
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 10,457
- Date
- 01 Mar 2024
- Ownership
- In a Spousal Lifetime Access Trust for the benefit of the Reporting Person's Spouse
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SAM
transaction
Derivative
March 1, 2020 Stock Option
Award
- Transaction value
- $0
- Shares
- +2,343
- Change %
- +50%
- Price
- $0.000000
- Shares after
- 7,029
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Class A Common
- Underlying amount
- 7,029
- Exercise price
- $370.79
- Footnotes
- F3
SAM
transaction
Derivative
March 1, 2021 Stock Option
Award
- Transaction value
- $0
- Shares
- +1,482
- Change %
- +50%
- Price
- $0.000000
- Shares after
- 4,446
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Class A Common
- Underlying amount
- 4,446
- Exercise price
- $1028.71
- Footnotes
- F4
SAM
transaction
Derivative
March 1, 2021 Stock Option
Award
- Transaction value
- $0
- Shares
- +2,733
- Change %
- +33%
- Price
- $0.000000
- Shares after
- 10,935
- Date
- 01 Mar 2024
- Ownership
- Direct
- Underlying class
- Class A Common
- Underlying amount
- 10,935
- Exercise price
- $1028.71
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote 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 5,223 RSUs vest on March 1, 2024.
Footnote F2
The shares reported include 11,374 shares of restricted stock subject to vesting conditions.
Footnote F3
The Performance-Based Stock Options were granted pursuant to the Issuer's Restated Employee Equity Incentive Plan ("EEIP") on March 1, 2020. The extent to which the options were exercisable was dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2021 over Fiscal Year 2019. In February 2022, the Compensation Committee determined that the performance criteria had been achieved, and as such the options vested in three equal installments on March 1 in the years 2022-2024.
Footnote F4
The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2021. The extent to which the options were exercisable was dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2022 over Fiscal Year 2020. In February 2023, the Compensation Committee determined that the performance criteria had been achieved, and as such the options vest in three equal installments on March 1 in the years 2023-2025, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations.
Footnote F5
The Time-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2021. The options vest in equal installments on March 1 in the years 2024-2026 provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations.