Reynoso Diego 4

What Happened

• Diego Reynoso, CFO and Treasurer of Boston Beer Co. (SAM), received equity awards effective March 1, 2026 and had 622 shares withheld to cover tax obligations. The filing shows: 5,734 shares granted as awards (no cash paid), 2,429 shares reported as a derivative award, and 622 shares disposed/withheld at $226.78 per share for taxes (proceeds $141,057).
• These are awards/vesting transactions (not an open-market sale or purchase). Withholding of shares to cover taxes is a routine administrative step when RSUs vest.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Disposal for tax withholding: 622 shares at $226.78 each = $141,057 (code F = tax withholding).
• Awards/acquisitions: 5,734 shares (grant/award), and 2,429 shares listed as derivative awards (both reported at $0 acquisition price).
• Footnotes:
  • F1: Issuer net withheld shares to satisfy tax obligations from RSU vesting; 2,116 RSUs vested on March 1, 2026.
  • F2: Grants are RSUs under the company’s EEIP; details disclosed in an 8‑K filed Feb 17, 2026.
  • F3: Reported shares include 23,097 shares of restricted stock subject to vesting.
  • F4: A time‑based stock option (granted Oct 31, 2023) vests in four equal installments on March 1 each year from 2024–2027, subject to employment/acceleration.
• Shares owned after the reported transactions are not explicitly provided in the summary; the filing notes restricted stock and outstanding awards as above.

Context

• These transactions are largely administrative: RSU grants/vesting and tax withholding. They do not represent an open‑market sale or purchase that would signal immediate market sentiment.
• The derivative entries reflect award-based rights (RSUs/options) that convert to or represent shares subject to vesting conditions, not a typical cash purchase.