0001562180-23-002105.txt : 20230302 0001562180-23-002105.hdr.sgml : 20230302 20230302095330 ACCESSION NUMBER: 0001562180-23-002105 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230301 FILED AS OF DATE: 20230302 DATE AS OF CHANGE: 20230302 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Murphy Matthew Donal CENTRAL INDEX KEY: 0001651134 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14092 FILM NUMBER: 23696765 MAIL ADDRESS: STREET 1: THE BOSTON BEER COMPANY STREET 2: ONE 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: 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 X0306 4 2023-03-01 false 0000949870 BOSTON BEER CO INC SAM 0001651134 Murphy Matthew Donal THE BOSTON BEER COMPANY, INC. ONE DESIGN CENTER PLACE, SUITE 850 BOSTON MA 02210 false true false false Chief Accounting Officer Class A Common 2023-03-01 4 A false 387.00 0.00 A 2980.00 D March 1, 2023 Stock Option 323.80 2023-03-01 4 A false 771.00 0.00 A 2025-03-01 2033-02-28 Class A Common Stock 771.00 771.00 D Represents a grant of Restricted Stock Units ("RSUs") under the Issuer's Restated Employee Equity Incentive Plan. The RSUs will vest in four equal installments over a four year period, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date, and subject to accelerated vesting in certain situations. The shares reported include 1,150 shares of restricted stock subject to vesting conditions. A total of 452 RSUs and 50 ISPs vested on March 1, 2023. 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. Matthew D. Murphy 2023-03-02