0001562180-22-002116.txt : 20220302
0001562180-22-002116.hdr.sgml : 20220302
20220302162539
ACCESSION NUMBER: 0001562180-22-002116
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220301
FILED AS OF DATE: 20220302
DATE AS OF CHANGE: 20220302
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Troupe Quincy B
CENTRAL INDEX KEY: 0001665031
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14092
FILM NUMBER: 22703874
MAIL ADDRESS:
STREET 1: C/O THE BOSTON BEER COMPANY
STREET 2: 1 DESIGN CENTER PLACE, SUITE 850
CITY: BOSTON
STATE: MA
ZIP: 02210
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
2022-03-01
false
0000949870
BOSTON BEER CO INC
SAM
0001665031
Troupe Quincy B
C/O THE BOSTON BEER COMPANY
1 DESIGN CENTER PLACE, SUITE 850
BOSTON
MA
02210
false
true
false
false
Senior VP, Supply Chain
Class A Common
2022-03-01
4
F
false
135.00
0.00
D
4684.00
D
March 1, 2019 Stock Option
312.56
2022-03-01
4
A
false
477.00
0.00
A
2021-03-01
2029-02-28
Class A Common
1430.00
1073.00
D
March 1, 2020 Stock Option
370.79
2022-03-01
4
A
false
469.00
0.00
A
2022-03-01
2030-02-28
Class A Common
1409.00
1409.00
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") and Investment Share Program shares ("ISPs"). The Reporting Person had a total of 352 RSUs and 36 ISPs vest on March 1, 2022.
The shares reported include 2,765 shares of restricted stock subject to vesting conditions.
The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2019. 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. In February 2021, 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 2021-2023, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations.
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 vest in three equal installments on March 1 in the years 2022-2024, 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 Quincy B. Troupe
2022-03-02