Lysyj Lesya 4
4 · BOSTON BEER CO INC · Filed Mar 4, 2025
Insider Transaction Report
Form 4
Lysyj Lesya
Chief Marketing Officer
Transactions
- Award
Class A Common
2025-03-01+6,565→ 17,197 total - Tax Payment
Class A Common
2025-03-01$243.77/sh−309$75,325→ 16,888 total - Award
March 1, 2023 Stock Option
2025-03-01+565→ 565 totalExercise: $323.80From: 2025-03-01Exp: 2033-02-28→ Class A Common (1,697 underlying) - Award
March 1, 2021 Stock Option
2025-03-01+182→ 725 totalExercise: $1028.71From: 2023-03-01Exp: 2031-02-28→ Class A Common (725 underlying)
Footnotes (5)
- [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 11, 2025.
- [F2]The shares reported include 10,758 shares of restricted stock subject to vesting conditions.
- [F3]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 1,045 RSUs vest on March 1, 2025.
- [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 vested in three equal installments on March 1 in the years 2023-2025.
- [F5]The Performance-Based Stock Options were granted pursuant to the Issuer's Employee Equity Incentive Plan ("EEIP") on March 1, 2023. 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 2024 over Fiscal Year 2022. In February 2025, the Compensation Committee determined that the performance criteria had been achieved, and as such the options will vest in three equal installments on March 1 in the years 2025-2027, contingent on the Reporting Person's continued employment with the Issuer on the applicable vesting dates.