Savastano Philip E. 4

What Happened

• Philip E. Savastano, Chief Supply Chain Officer at Boston Beer Co. (SAM), was granted 1,544 restricted stock units (RSUs) on March 1, 2026. To satisfy tax withholding on RSU vesting, 134 shares were net withheld/disposed at $226.78 each, generating $30,389 in proceeds. The RSU grant is an award (not a market purchase).

Key Details

• Transaction dates: March 1, 2026 (transactions reported); Form 4 filed March 3, 2026 (appears timely).
• Disposition: 134 shares withheld/disposed for tax withholding at $226.78 per share = $30,389 total.
• Acquisition: 1,544 RSUs granted (reported as acquisition at $0.00 per share since these are awards).
• Vesting note: The issuer net-withheld shares to cover taxes arising from the vesting of 498 RSUs on March 1, 2026.
• Grant plan: RSUs granted under the company’s Restated Employee Equity Incentive Plan (details disclosed in the issuer’s Form 8‑K filed Feb 17, 2026).
• Holdings after transaction: Reported holdings include 3,183 shares of restricted stock subject to vesting conditions (per filing footnote).

Context

• This was an equity award plus routine tax-withholding (often called net share settlement), not an open‑market sale or buy. Such withholdings are common when RSUs vest and do not by themselves indicate the insider’s market view. The award was disclosed under the company equity plan; no indication of a 10% owner or 10b5‑1 plan in this filing.