Hodges Philip A. 4
4 · BOSTON BEER CO INC · Filed Mar 4, 2025
Insider Transaction Report
Form 4
Hodges Philip A.
Chief Operating Officer
Transactions
- Tax Payment
Class A Common
2025-03-01$243.77/sh−444$108,234→ 15,804 total - Award
Class A Common
2025-03-01+4,103→ 19,907 total - Award
May 24, 2023 Stock Option
2025-03-01+3,319→ 6,638 totalExercise: $330.68From: 2024-03-01Exp: 2033-05-23→ Class A Common (13,276 underlying)
Footnotes (4)
- [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, 2025.
- [F2]Represents a grant of Performance-Based RSUs under the Issuer's Restated Employee Equity Incentive Plan. The details of these grants were disclosed in a Current Report on Form 8-K filed by the Issuer on February 11, 2025.
- [F3]The shares reported include 16,201 shares of restricted stock subject to vesting conditions.
- [F4]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.