Spillane Michael 4
4 · BOSTON BEER CO INC · Filed Apr 2, 2024
Insider Transaction Report
Form 4
Spillane Michael
DirectorPresident and CEO
Transactions
- Award
Class A Common
2024-04-01$304.42/sh+6,570$2,000,039→ 6,774 total - Exercise/Conversion
April 1, 2024 Stock Option
2024-04-01+21,205→ 21,205 totalExercise: $304.42From: 2026-04-01Exp: 2034-05-16→ Class A Common (21,205 underlying)
Footnotes (3)
- [F1]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.
- [F2]The shares reported include 6,774 shares of restricted stock subject to vesting conditions.
- [F3]On April 1, 2024, the Issuer granted the Reporting Person time-based non-qualified options. 50% of the option shares will vest on April 1, 2026, 25% on April 1, 2027, and 25% on April 21, 2028, contingent on the Reporting Person's continued employment by the Issuer on the applicable vesting dates, and subject to accelerated vesting in certain situations.