4//SEC Filing
Burwick David A 4
Accession 0001562180-24-002069
CIK 0000949870other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 4:07 PM ET
Size
14.2 KB
Accession
0001562180-24-002069
Insider Transaction Report
Form 4
Burwick David A
Director
Transactions
- Award
March 1, 2021 Stock Option
2024-03-01+2,733→ 10,935 totalExercise: $1028.71From: 2024-03-01Exp: 2031-02-28→ Class A Common (10,935 underlying) - Tax Payment
Class A Common
2024-03-01$308.14/sh−2,014$620,594→ 45,896 total - Award
March 1, 2020 Stock Option
2024-03-01+2,343→ 7,029 totalExercise: $370.79From: 2022-03-01Exp: 2030-02-28→ Class A Common (7,029 underlying) - Award
March 1, 2021 Stock Option
2024-03-01+1,482→ 4,446 totalExercise: $1028.71From: 2023-03-01Exp: 2031-02-28→ Class A Common (4,446 underlying)
Holdings
- 10,457(indirect: By Trust)
Class A Common
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 5,223 RSUs vest on March 1, 2024.
- [F2]The shares reported include 11,374 shares of restricted stock subject to vesting conditions.
- [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.
- [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.
- [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.
Documents
Issuer
BOSTON BEER CO INC
CIK 0000949870
Entity typeother
Related Parties
1- filerCIK 0001318320
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 4:07 PM ET
- Size
- 14.2 KB