4//SEC Filing
Fritsch Annette N 4
Accession 0001562180-23-002109
CIK 0000949870other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 9:54 AM ET
Size
10.1 KB
Accession
0001562180-23-002109
Insider Transaction Report
Form 4
Fritsch Annette N
VP of Product Design and R&D
Transactions
- Tax Payment
Class A Common
2023-03-01$323.80/sh−107$34,647→ 1,153 total - Award
March 1, 2023 Stock Option
2023-03-01+926→ 926 totalExercise: $323.80From: 2025-03-01Exp: 2033-02-28→ Class A Common (926 underlying) - Award
Class A Common
2023-03-01+464→ 1,617 total
Footnotes (4)
- [F1]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 308 RSUs vest on March 1, 2023.
- [F2]The shares reported include 1,083 shares of restricted stock subject to vesting conditions.
- [F3]On March 1, 2023, the Issuer granted 464 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.
- [F4]The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2023. 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 2024 over Fiscal Year 2022. The Compensation Committee will determine if the performance criteria have been achieved prior to March 1, 2025. If the performance criteria is achieved, the options vest in three equal installments on March 1 in the years 2025-2027, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations.
Documents
Issuer
BOSTON BEER CO INC
CIK 0000949870
Entity typeother
Related Parties
1- filerCIK 0001943671
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 9:54 AM ET
- Size
- 10.1 KB