0001562180-21-001751.txt : 20210302 0001562180-21-001751.hdr.sgml : 20210302 20210302160110 ACCESSION NUMBER: 0001562180-21-001751 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210301 FILED AS OF DATE: 20210302 DATE AS OF CHANGE: 20210302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Burwick David A CENTRAL INDEX KEY: 0001318320 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14092 FILM NUMBER: 21703410 MAIL ADDRESS: STREET 1: 32 AUTUMN LANE CITY: NEW CANAAN STATE: CT ZIP: 06840 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: BOSTON BEER CO INC CENTRAL INDEX KEY: 0000949870 STANDARD INDUSTRIAL CLASSIFICATION: MALT BEVERAGES [2082] IRS NUMBER: 043284048 STATE OF INCORPORATION: MA FISCAL YEAR END: 1226 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 X0306 4 2021-03-01 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 2021-03-01 4 A false 6806.00 0.00 A 50341.00 D Class A Common 10457.00 I In a Spousal Lifetime Access Trust for the benefit of the Reporting Person's Spouse Performance-Based Stock Option (Right to Buy) 312.56 2021-03-01 4 A false 2450.00 0.00 A 2021-03-01 2029-02-28 Class A Common 2450.00 2450.00 D Stock Option (Right to Buy) 1028.71 2021-03-01 4 A false 4446.00 0.00 A 2023-03-01 2031-02-28 Class A Common 4446.00 4446.00 D Stock Option (Right to Buy) 1028.71 2021-03-01 4 A false 10935.00 0.00 A 2024-03-01 2031-02-28 Class A Common 10935.00 10935.00 D Represents two grants of Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan ("EEIP"). The first grant is for 1,945 shares, which 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 date. The second grant is for 4,861 shares, which will vest in three equal installments on March 1 in 2024-2026, provided that the Reporting Person remains employed by the Issuer on the applicable vesting date. The shares reported include 36,522 shares of restricted stock subject to vesting conditions. The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP. 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. The determination that these options vested was made by the Compensation Committee in February 2021. The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP. The extent to which the options may become exercisable will be dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2022 over Fiscal Year 2020. The determination of the eligibility for vesting of these options will be made by the Compensation Committee before March 1, 2023. The option vests in three annual installments: the first on March 1, 2024, and the final vesting on March 1, 2026 provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates. Michael G. Andrews under POA for the benefit of David A. Burwick 2021-03-02