0001562180-23-002110.txt : 20230302
0001562180-23-002110.hdr.sgml : 20230302
20230302095456
ACCESSION NUMBER: 0001562180-23-002110
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: HEATH TARA L.
CENTRAL INDEX KEY: 0001680130
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14092
FILM NUMBER: 23696771
MAIL ADDRESS:
STREET 1: THE BOSTON BEER COMPANY, INC.
STREET 2: 1 DESIGN CENTER PL., STE. 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
0001680130
HEATH TARA L.
C/O THE BOSTON BEER COMPANY, INC.
1 DESIGN CENTER PLACE, STE. 850
BOSTON
MA
02210
false
true
false
false
Chief Legal Officer
Class A Common
2023-03-01
4
F
false
144.00
323.80
D
2425.00
D
Class A Common
2023-03-01
4
A
false
541.00
0.00
A
2966.00
D
March 1, 2023 Stock Option
323.80
2023-03-01
4
A
false
1080.00
0.00
A
2025-03-01
2033-02-28
Class A Common
1080.00
1080.00
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"). The Reporting Person had a total of 452 RSUs vest on March 1, 2023.
The shares reported include 1,304 shares of restricted stock subject to vesting conditions.
On March 1, 2023, the Issuer granted 541 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.
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.
Michael G. Andrews under POA for Tara L. Heath
2023-03-02