Boynton Laura J. 4

What Happened

• Laura J. Boynton, Chief People Officer of Boston Beer Co. (SAM), received a grant of 1,324 Restricted Stock Units (RSUs) on March 1, 2026 (acquired at $0.00). On the same date the issuer net‑withheld 88 shares (disposed) at $226.78 per share to satisfy tax withholding, totaling $19,957. The withholding related to the vesting of RSUs.

Key Details

• Transaction dates and prices:
  • 2026-03-01: Grant of 1,324 RSUs @ $0.00 (award/acquisition).
  • 2026-03-01: Tax withholding/disposal of 88 shares @ $226.78 = $19,957.
• Vesting/tax note: The issuer net‑withheld shares to satisfy tax obligations arising from RSU vesting; a total of 288 RSUs vested on March 1, 2026 (footnote F1).
• Plan and disclosure: Grants are RSUs under the company’s Employee Equity Incentive Plan; details were disclosed in an 8‑K filed Feb 17, 2026 (footnote F2).
• Holdings: The filing notes that reported shares include 2,322 shares of restricted stock subject to vesting (footnote F3). The exact total shares owned after the transactions was not provided in the summary data.
• Timeliness: Report filed Mar 3, 2026 for a Mar 1 transaction — appears to be timely under normal Form 4 filing rules.

Context

• RSU grants are awards, not open‑market purchases; net share withholding to cover taxes is a routine administrative action (often called a cashless/net settlement) and does not necessarily indicate a buy/sell signal. These transactions reflect compensation vesting and tax withholding rather than a discretionary market sale.