Nemeth Julio N 4

What Happened
Julio Nemeth, a director of Boston Beer Co. Inc. (SAM), received equity awards on May 27, 2026: a grant of 358 restricted stock units (RSUs) and a grant of 691 option shares. Both awards were reported on the Form 4 with $0 cash paid. The 358 RSUs are restricted shares subject to vesting; the 691 option shares are derivative awards (options) that are immediately exercisable but subject to the company’s Director Stock Ownership and Retention Guidelines.

Key Details

• Transaction date: May 27, 2026; Form 4 filed May 28, 2026 (timely filing).
• Prices and value: both grants reported at $0.00 per share (standard for compensation grants).
• Vesting/exercise terms: 358 RSUs vest in full on May 12, 2027 if Nemeth remains a board member; 691 option shares are immediately exercisable but subject to director ownership/retention rules.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1–F3 confirm the RSU vesting date and that the option shares are immediately exercisable; no 10b5-1 or tax-withholding disclosures noted in the provided text.

Context
These transactions are compensatory awards to a non-employee director (common practice) rather than open-market purchases or sales. RSUs are subject to future vesting and thus do not immediately increase free-floating shares until vested; option shares give the right to acquire shares and may be constrained by the company’s retention guidelines. Such grants are routine director compensation and should not be interpreted alone as a buy/sell market signal.