JORDAN JOSEPH HUGH 4

What Happened

• Jordan Joseph Hugh, a non‑employee director of Boston Beer Co. Inc. (SAM), received equity awards on May 27, 2026: 358 restricted stock units (RSUs) and 691 option shares. Both awards were granted as compensation (transaction code A) and show $0 purchase price because they are grants from the company.
• The RSUs (358 shares) are restricted stock subject to vesting; they will vest in full on May 12, 2027 if Hugh remains a board member. The 691 option shares are reported as derivative securities and are described as immediately exercisable, 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).
• Award amounts: 358 RSUs (restricted stock) and 691 option shares; reported acquisition price $0 (company grant).
• Vesting/conditions: RSUs vest in full on May 12, 2027 if still a director (Footnotes F1–F2). Option shares are immediately exercisable but subject to director ownership/retention rules (Footnote F3).
• Shares owned after transaction: Not specified in the supplied filing details.
• Transaction type codes: A = Grant/Award; the 691 option shares are reported as derivative securities (not a sale or purchase).

Context

• These awards are compensatory grants to a board member—not an open‑market purchase or sale—so they reflect standard director compensation rather than a direct buy/sell signal.
• The option grant being immediately exercisable means Hugh could exercise subject to company guidelines, but the filing does not indicate any exercise or sale occurred.