Murphy Matthew Donal 4

What Happened

• Matthew D. Murphy, Chief Accounting Officer & VP of Finance of Boston Beer Co. (SAM), received equity awards on March 1, 2026 and had 193 shares withheld to cover tax obligations related to vesting. The 193 shares were valued at $226.78 each for a total withholding of $43,769.
• The Form 4 lists awards/acquisitions of 1,764 shares (RSUs) plus 257 and 986 shares reported as derivative-type awards (line items labeled as acquisitions at $0). The filing’s footnotes say the company has 3,763 restricted shares subject to vesting and that 650 RSUs and 83 investment shares vested on March 1, 2026.

Key Details

• Transaction date: March 1, 2026; Filing date: March 3, 2026 (filed timely).
• Withholding/tax sale: 193 shares disposed at $226.78 each for $43,769 (transaction code F = tax withholding/payment of exercise price or tax liability).
• Awards reported as acquisitions (code A): 1,764 RSUs; 257 and 986 derivative awards (each reported at $0).
• Footnotes of note:
  • F1: Grants are RSUs under the company’s Employee Equity Incentive Plan (EEIP).
  • F2: 3,763 restricted shares are subject to vesting; 650 RSUs and 83 investment shares vested March 1, 2026.
  • F3–F4: Performance-based and time-based options were originally granted in 2023 with multi-year vesting schedules (some vesting contingent on performance and continued employment).
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This filing chiefly documents equity awards (RSUs/derivative awards) and routine tax withholding; the 193-share disposition is a tax-related withholding, not an open-market sale (common when awards vest).
• The filing also references performance- and time-based option grants from 2023 that vest over multiple years—these are standard compensation arrangements and do not by themselves indicate buying or selling intent.
• No late-filing indication; no 10% owner or trading plan (10b5-1) noted in the provided details.