Hodges Philip A. 4

What Happened
Philip A. Hodges, Chief Operating Officer of Boston Beer Co., had 1,587 shares withheld by the issuer to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withheld shares were valued at about $226.78 each, totaling approximately $359,900. This was not an open-market sale but a net-share settlement to cover taxes following RSU vesting.

Key Details

• Transaction date: March 1, 2026. Filing date: March 3, 2026 (Form 4).
• Action: Tax withholding (code F) — 1,587 shares disposed/withheld at $226.78 per share, total ≈ $359,900.
• RSU vesting: A total of 3,811 RSUs vested on March 1, 2026; a portion (1,587 shares) was withheld to cover taxes (per footnote F1).
• Holdings note: Filing states reported holdings include 30,378 shares of restricted stock subject to vesting conditions (per footnote F2).
• Timeliness: Filed March 3, 2026 — within the typical 2-business-day Form 4 reporting window.

Context
This was a routine tax-withholding (net settlement) tied to RSU vesting, not an indication of insider selling shares on the open market. Such withholdings are common and reflect tax obligations rather than a change in the insider’s view of the company.