0001562180-24-002067.txt : 20240304
0001562180-24-002067.hdr.sgml : 20240304
20240304160607
ACCESSION NUMBER: 0001562180-24-002067
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240301
FILED AS OF DATE: 20240304
DATE AS OF CHANGE: 20240304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lysyj Lesya
CENTRAL INDEX KEY: 0001592314
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14092
FILM NUMBER: 24714994
MAIL ADDRESS:
STREET 1: 675 AVENUE OF THE AMERICAS, 6TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10010
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BOSTON BEER CO INC
CENTRAL INDEX KEY: 0000949870
STANDARD INDUSTRIAL CLASSIFICATION: MALT BEVERAGES [2082]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 043284048
STATE OF INCORPORATION: MA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE DESIGN CENTER PLACE
STREET 2: SUITE 850
CITY: BOSTON
STATE: MA
ZIP: 02210
BUSINESS PHONE: 617-368-5056
MAIL ADDRESS:
STREET 1: ONE DESIGN CENTER PLACE
STREET 2: SUITE 850
CITY: BOSTON
STATE: MA
ZIP: 02210
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0508
4
2024-03-01
false
0000949870
BOSTON BEER CO INC
SAM
0001592314
Lysyj Lesya
C/O THE BOSTON BEER COMPANY, INC.
ONE DESIGN CENTER PLACE SUITE 850
BOSTON
MA
02210
false
true
false
false
Chief Marketing Officer
false
Class A Common
2024-03-01
4
F
false
193.00
308.14
D
5764.00
D
Class A Common
2024-03-01
4
A
false
4868.00
0.00
A
10632.00
D
March 1, 2020 Stock Option
370.79
2024-03-01
4
A
false
557.00
0.00
A
2022-03-01
2030-02-28
Class A Common
1669.00
1669.00
D
March 1, 2021 Stock Option
1028.71
2024-03-01
4
A
false
181.00
0.00
A
2023-03-01
2031-02-28
Class A Common
544.00
544.00
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 596 RSUs vest on March 1, 2024.
The shares reported include 6,470 shares of restricted stock subject to vesting conditions.
Represents grants of Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan ("EEIP"). The details of these grants were disclosed in a Current Report on Form 8-K filed by the Issuer on February 22, 2024.
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 vested in three equal installments on March 1 in the years 2022-2024.
The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2021. 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 2022 over Fiscal Year 2020. In February 2023, 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 2023-2025, 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 Lesya Lysyj
2024-03-04