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