Hodges Philip A. 4
4 · BOSTON BEER CO INC · Filed Mar 4, 2024
Insider Transaction Report
Form 4
Hodges Philip A.
Chief Operating Officer
Transactions
- Tax Payment
Class A Common
2024-03-01$308.14/sh−504$155,303→ 16,248 total - Award
May 24, 2023 Stock Option
2024-03-01+3,319→ 13,276 totalExercise: $330.68From: 2024-03-01Exp: 2033-05-23→ Class A Common (13,276 underlying)
Footnotes (3)
- [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, 2024.
- [F2]The shares reported include 13,610 shares of restricted stock subject to vesting conditions.
- [F3]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.