X0306 4 2022-03-01 false 0000949870 BOSTON BEER CO INC SAM 0001318320 Burwick David A C/O THE BOSTON BEER COMPANY, INC. ONE DESIGN CENTER PLACE, SUITE 850 BOSTON MA 02210 true true false false President and CEO Class A Common 2022-03-01 4 F false 652.00 383.46 D 40820.00 D Class A Common 2022-03-01 4 A false 5216.00 0.00 A 46036.00 D Class A Common 10457.00 I In a Spousal Lifetime Access Trust for the benefit of the Reporting Person's Spouse March 1, 2019 Stock Option 312.56 2022-03-01 4 A false 2451.00 0.00 A 2021-03-01 2029-02-28 Class A Common 7352.00 7352.00 D March 1, 2020 Stock Option 370.79 2022-03-01 4 A false 2343.00 0.00 A 2022-03-01 2030-02-28 Class A Common 7029.00 7029.00 D March 1, 2022 Stock Option 383.46 2022-03-01 4 A false 11230.00 0.00 A 2024-03-01 2032-02-29 Class A Common 11230.00 11230.00 D 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 1,960 RSUs vest on March 1, 2022. The shares reported include 21,099 shares of restricted stock subject to vesting conditions. On March 1, 2022, the Issuer granted 5,216 RSUs to the Reporting Person under the Issuer's Employee Equity Incentive Plan ("EEIP"). The shares will vest in four equal installments over a four year period, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates, and subject to accelerated vesting in certain situations. The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2019. The extent to which the options were exercisable was dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2020 over Fiscal Year 2018. In February 2021, the Compensation Committee determined that the performance criteria had been achieved, and as such the options vest in three equal installments on March 1 in the years 2021-2023, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations. The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2020. The extent to which the options were exercisable was dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2021 over Fiscal Year 2019. In February 2022, the Compensation Committee determined that the performance criteria had been achieved, and as such the options vest in three equal installments on March 1 in the years 2022-2024, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations. The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2022. The extent to which the options become exercisable is dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2023 over Fiscal Year 2021. The Compensation Committee will determine if the performance criteria have been achieved prior to March 1, 2024. If the performance criteria is achieved, the options vest in three equal installments on March 1 in the years 2024-2026, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations. Michael G. Andrews under POA for the benefit of David A. Burwick 2022-03-02