O'Boyle Carolyn L. 4

Accession 0001562180-24-002066

CIK 0000949870other

View on SEC.gov Company Profile

Filed

Mar 3, 7:00 PM ET

Accepted

Mar 4, 4:05 PM ET

Size

19.1 KB

Accession

0001562180-24-002066

Insider Transaction Report

Form 4

Period: 2024-03-01

BOSTON BEER CO INCSAM

O'Boyle Carolyn L.

Chief People Officer

Transactions

Sale
Class A Common
2024-03-01$308.45/sh−102$31,462→ 2,528 total
Award
Class A Common
2024-03-01+4,868→ 7,035 total
Tax Payment
Class A Common
2024-03-01$308.14/sh−361$111,239→ 2,167 total
Award
March 1, 2021 Stock Option
2024-03-01+156→ 467 total
Exercise: $1028.71From: 2023-03-01Exp: 2031-02-28→ Class A Common (467 underlying)
Award
March 2, 2020 Stock Option
2024-03-01+2,344→ 7,030 total
Exercise: $370.79From: 2022-03-01Exp: 2030-02-28→ Class A Common (7,030 underlying)

Footnotes (6)

[F1]The transactions reported in this row were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 14, 2023.
[F2]The shares reported include 5,913 shares of restricted stock subject to vesting conditions.
[F3]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") and investment shares. The Reporting Person had a total of 1,104 RSUs and 26 investment shares vest on March 1, 2024.
[F4]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.
[F5]The Performance-Based Stock Options were granted pursuant to the Issuer's Employee Equity Incentive Plan ("EEIP") on March 2, 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.
[F6]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.

Documents

2 files

Issuer

BOSTON BEER CO INC

CIK 0000949870

→

Entity typeother

Related Parties

filerCIK 0001805290

Filing Metadata

Form type: 4
Filed: Mar 3, 7:00 PM ET
Accepted: Mar 4, 4:05 PM ET
Size: 19.1 KB

View on SEC.gov