HEATH TARA L. 4
4 · BOSTON BEER CO INC · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Boston Beer (SAM) CLO Tara Heath Receives RSU Awards
What Happened
Tara L. Heath, Chief Legal Officer of Boston Beer Co. (SAM), had RSUs vest on March 1, 2026. The company net‑withheld 297 shares to cover tax obligations (reported as a disposition) at $226.78 per share for a withholding value of $67,354. At the same time she was reported as acquiring 2,206 RSUs (grant) and 360 performance‑related/derivative shares (acquired at $0 as awards).
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (reporting period 2026-03-01). Filing appears timely.
- Disposition (tax withholding): 297 shares @ $226.78 = $67,354 (code F: tax withholding). This reflects shares withheld to pay taxes on vesting, not an open‑market sale.
- Acquisitions (awards): 2,206 RSUs @ $0 (grant) and 360 derivative/RSU shares @ $0 (award). These are awards under the company’s equity plan.
- Vesting detail: The Reporting Person had 1,006 RSUs vest on March 1, 2026 (footnote F1).
- Holdings note: The filing indicates the reported holdings include 11,012 shares of restricted stock subject to vesting conditions (footnote F3).
- Plan and performance note: The RSU grants are under the company’s Employee Equity Incentive Plan (EEIP) (F2). Related performance‑based options were originally granted March 1, 2023; performance criteria were met in Feb 2025 and those options vest in installments through 2027 (F4).
Context
Net‑withholding (code F) is a common, administrative action where an employer retains shares to satisfy tax withholding when equity vests; it should not be read the same as an executive selling shares on the open market. The reported acquisitions are awards (RSUs/performance shares), not cash purchases, so they reflect compensation/long‑term incentive vesting rather than new insider buying.
Insider Transaction Report
- Tax Payment
Class A Common
[F1]2026-03-01$226.78/sh−297$67,354→ 11,793 total - Award
Class A Common
[F2][F3]2026-03-01+2,206→ 13,999 total - Award
March 1, 2023 Stock Option
[F4]2026-03-01+360→ 720 totalExercise: $323.80From: 2025-03-01Exp: 2033-02-28→ Class A Common (1,080 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 1,006 RSUs vest on March 1, 2026.
- [F2]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 17, 2026.
- [F3]The shares reported include 11,012 shares of restricted stock subject to vesting conditions.
- [F4]The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2023. In February 2025, the Compensation Committee determined that the performance criteria had been achieved. The options vest in three equal installments on March 1 in the years 2025-2027, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations.