4//SEC Filing
Lysyj Lesya 4
Accession 0001562180-24-002067
CIK 0000949870other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 4:06 PM ET
Size
12.7 KB
Accession
0001562180-24-002067
Insider Transaction Report
Form 4
Lysyj Lesya
Chief Marketing Officer
Transactions
- Tax Payment
Class A Common
2024-03-01$308.14/sh−193$59,471→ 5,764 total - Award
Class A Common
2024-03-01+4,868→ 10,632 total - Award
March 1, 2020 Stock Option
2024-03-01+557→ 1,669 totalExercise: $370.79From: 2022-03-01Exp: 2030-02-28→ Class A Common (1,669 underlying) - Award
March 1, 2021 Stock Option
2024-03-01+181→ 544 totalExercise: $1028.71From: 2023-03-01Exp: 2031-02-28→ Class A Common (544 underlying)
Footnotes (5)
- [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 596 RSUs vest on March 1, 2024.
- [F2]The shares reported include 6,470 shares of restricted stock subject to vesting conditions.
- [F3]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.
- [F4]The Performance-Based Stock Options were granted pursuant to the Issuer's 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.
- [F5]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
Issuer
BOSTON BEER CO INC
CIK 0000949870
Entity typeother
Related Parties
1- filerCIK 0001592314
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 4:06 PM ET
- Size
- 12.7 KB