[Form 4] Boston Beer Company Insider Trading Activity
Philip A. Hodges, Chief Supply Chain Officer of Boston Beer Co. (SAM), received a grant of 13,796 restricted stock units (RSUs) on 08/11/2025 in exchange for cancellation of his May 24, 2023 stock option awards. The grant is split into 9,197 time-based RSUs that vest in three tranches with final vesting on March 1, 2027 subject to continued employment, and 4,599 performance-based RSUs that follow the same performance criteria and vesting schedule as the cancelled option award. The award price is reported as $0.00. After the transaction Hodges is reported as beneficially owning 33,703 shares, which include 29,997 restricted shares subject to vesting conditions.
Philip A. Hodges, Chief Supply Chain Officer di Boston Beer Co. (SAM), ha ricevuto in data 08/11/2025 una concessione di 13,796 restricted stock units (RSU) in cambio dell'annullamento delle stock option a lui assegnate il 24 maggio 2023. La sovvenzione 猫 suddivisa in 9,197 RSU a vesting temporale, che maturano in tre tranche con vesting finale il March 1, 2027 subordinato alla prosecuzione dell'impiego, e in 4,599 RSU basate sulle performance, soggette agli stessi criteri di performance e allo stesso calendario di vesting delle opzioni cancellate. Il prezzo attribuito all'assegnazione 猫 indicato come $0.00. Dopo l'operazione Hodges risulta titolare beneficiario di 33,703 azioni, di cui 29,997 azioni vincolate soggette a condizioni di maturazione.
Philip A. Hodges, Chief Supply Chain Officer de Boston Beer Co. (SAM), recibi贸 el 08/11/2025 una concesi贸n de 13,796 unidades restringidas de acciones (RSU) a cambio de la cancelaci贸n de las opciones sobre acciones que se le otorgaron el 24 de mayo de 2023. La asignaci贸n se divide en 9,197 RSU por tiempo que se consolidan en tres tramos con consolidaci贸n final el March 1, 2027 condicionada a la continuidad en el empleo, y 4,599 RSU por desempe帽o que siguen los mismos criterios de rendimiento y el mismo calendario de consolidaci贸n que las opciones canceladas. El precio asignado al premio se indica como $0.00. Tras la operaci贸n, Hodges figura como propietario beneficiario de 33,703 acciones, que incluyen 29,997 acciones restringidas sujetas a condiciones de consolidaci贸n.
Philip A. Hodges電� Boston Beer Co.(SAM)鞚� Chief Supply Chain Officer搿滌劀 08/11/2025鞐� 13,796臧滌潣 鞝滍暅攵� 欤检嫕 雼渼(RSU)毳� 靾橃棳氚涭晿鞙茧┌, 鞚措姅 2023雲� 5鞗� 24鞚�鞐� 攵�鞐悳 欤检嫕毵れ垬靹犿儩甓岇潣 旆唽鞐� 雽�頃� 雽�臧�鞛呺媹雼�. 頃措嫻 靾橃棳電� 9,197臧� 鞁滉皠 旮半皹 RSU鞕赌 4,599臧� 靹标臣 旮半皹 RSU搿� 雮橂墭氅�, 鞁滉皠 旮半皹 RSU電� 靹� 彀鞐� 瓯胳硱 氩犾姢韺呺悩瓿� 斓滌 氩犾姢韺呾澕鞚� March 1, 2027搿� 鞛 臁瓣贝鞚� 鞝侅毄霅╇媹雼�. 靹标臣 旮半皹 RSU電� 旆唽霅� 鞓奠厴瓿� 霃欖澕頃� 靹标臣 旮办 氚� 氩犾姢韺� 鞚检爼鞐� 霐半雼堧嫟. 靾橃棳 臧�瓴╈潃 $0.00搿� 氤搓碃霅橃棃鞀惦媹雼�. 瓯半灅 頉� Hodges電� 33,703欤�鞚� 鞁れ鞝� 靻岇湢鞛愲 氤搓碃霅橂┌, 鞚� 欷� 29,997欤�電� 氩犾姢韺� 臁瓣贝鞚� 攵欖潃 鞝滍暅欤检瀰雼堧嫟.
Philip A. Hodges, Chief Supply Chain Officer de Boston Beer Co. (SAM), a re莽u le 08/11/2025 une attribution de 13,796 unit茅s d'actions restreintes (RSU) en contrepartie de l'annulation des attributions d'options sur actions du 24 mai 2023. L'attribution se divise en 9,197 RSU 脿 d茅lai qui se d茅verrouillent en trois tranches avec un d茅verrouillage final le March 1, 2027 sous r茅serve de la poursuite de l'emploi, et 4,599 RSU li茅es 脿 la performance qui suivent les m锚mes crit猫res de performance et le m锚me calendrier de d茅verrouillage que les options annul茅es. Le prix de l'attribution est indiqu茅 comme $0.00. Apr猫s la transaction, Hodges est d茅clar茅 propri茅taire b茅n茅ficiaire de 33,703 actions, dont 29,997 actions restreintes soumises 脿 des conditions de d茅verrouillage.
Philip A. Hodges, Chief Supply Chain Officer von Boston Beer Co. (SAM), erhielt am 08/11/2025 eine Zuteilung von 13,796 Restricted Stock Units (RSUs) im Austausch f眉r die Streichung seiner Aktienoptionszuweisungen vom 24. Mai 2023. Die Zuteilung teilt sich in 9,197 zeitbasierte RSUs, die in drei Tranchen vesten und deren endg眉ltiges Vesting am March 1, 2027 erfolgt, vorbehaltlich fortgesetzter Anstellung, und 4,599 leistungsbasierte RSUs, die den gleichen Performance-Kriterien und dem gleichen Vesting-Zeitplan wie die gestrichenen Optionen folgen. Der Ausgabepreis der Zuteilung wird mit $0.00 angegeben. Nach der Transaktion wird Hodges als wirtschaftlicher Eigent眉mer von 33,703 Aktien gef眉hrt, darunter 29,997 eingeschr盲nkte Aktien, die Vesting-Bedingungen unterliegen.
- Grant replaces cancelled May 24, 2023 options, preserving incentive alignment with prior award terms
- Time-based RSUs (9,197) vest in tranches with final vesting on March 1, 2027, supporting retention
- Majority of reported shares (29,997) remain restricted and subject to vesting, not immediately tradable
- Grant issued at $0.00, indicating these are compensation awards rather than purchases
Insights
TL;DR Routine executive equity grant replacing prior options; not clearly material on its face.
The Form 4 documents a 13,796-RSU grant to Philip Hodges, replacing May 24, 2023 stock options. The split between time-based (9,197) and performance-based (4,599) awards, the $0.00 grant price, and the multi-tranche vesting with final vesting on March 1, 2027 are explicitly reported. These details indicate a standard retention and performance alignment package rather than an immediate transfer of liquid shares. Without additional context on company share count or compensation pool, the disclosure appears routine; there is no reported sale or conversion that would immediately affect public float or cash flows.
TL;DR Replacement of options with RSUs aligns incentives and preserves performance conditions; vesting schedule enforces retention.
The filing states the RSU grant was made in conjunction with cancellation of prior option awards and retains the original performance criteria for the performance-based portion. The time-based award vests in three tranches with final vesting on March 1, 2027, which is a typical retention mechanism. The report also shows 33,703 shares beneficially owned following the grant, including 29,997 restricted shares, signaling substantial remaining vesting-based restrictions. From a governance perspective, the disclosure is complete about award structure and vesting, and raises no procedural concerns in the filing itself.
Philip A. Hodges, Chief Supply Chain Officer di Boston Beer Co. (SAM), ha ricevuto in data 08/11/2025 una concessione di 13,796 restricted stock units (RSU) in cambio dell'annullamento delle stock option a lui assegnate il 24 maggio 2023. La sovvenzione 猫 suddivisa in 9,197 RSU a vesting temporale, che maturano in tre tranche con vesting finale il March 1, 2027 subordinato alla prosecuzione dell'impiego, e in 4,599 RSU basate sulle performance, soggette agli stessi criteri di performance e allo stesso calendario di vesting delle opzioni cancellate. Il prezzo attribuito all'assegnazione 猫 indicato come $0.00. Dopo l'operazione Hodges risulta titolare beneficiario di 33,703 azioni, di cui 29,997 azioni vincolate soggette a condizioni di maturazione.
Philip A. Hodges, Chief Supply Chain Officer de Boston Beer Co. (SAM), recibi贸 el 08/11/2025 una concesi贸n de 13,796 unidades restringidas de acciones (RSU) a cambio de la cancelaci贸n de las opciones sobre acciones que se le otorgaron el 24 de mayo de 2023. La asignaci贸n se divide en 9,197 RSU por tiempo que se consolidan en tres tramos con consolidaci贸n final el March 1, 2027 condicionada a la continuidad en el empleo, y 4,599 RSU por desempe帽o que siguen los mismos criterios de rendimiento y el mismo calendario de consolidaci贸n que las opciones canceladas. El precio asignado al premio se indica como $0.00. Tras la operaci贸n, Hodges figura como propietario beneficiario de 33,703 acciones, que incluyen 29,997 acciones restringidas sujetas a condiciones de consolidaci贸n.
Philip A. Hodges電� Boston Beer Co.(SAM)鞚� Chief Supply Chain Officer搿滌劀 08/11/2025鞐� 13,796臧滌潣 鞝滍暅攵� 欤检嫕 雼渼(RSU)毳� 靾橃棳氚涭晿鞙茧┌, 鞚措姅 2023雲� 5鞗� 24鞚�鞐� 攵�鞐悳 欤检嫕毵れ垬靹犿儩甓岇潣 旆唽鞐� 雽�頃� 雽�臧�鞛呺媹雼�. 頃措嫻 靾橃棳電� 9,197臧� 鞁滉皠 旮半皹 RSU鞕赌 4,599臧� 靹标臣 旮半皹 RSU搿� 雮橂墭氅�, 鞁滉皠 旮半皹 RSU電� 靹� 彀鞐� 瓯胳硱 氩犾姢韺呺悩瓿� 斓滌 氩犾姢韺呾澕鞚� March 1, 2027搿� 鞛 臁瓣贝鞚� 鞝侅毄霅╇媹雼�. 靹标臣 旮半皹 RSU電� 旆唽霅� 鞓奠厴瓿� 霃欖澕頃� 靹标臣 旮办 氚� 氩犾姢韺� 鞚检爼鞐� 霐半雼堧嫟. 靾橃棳 臧�瓴╈潃 $0.00搿� 氤搓碃霅橃棃鞀惦媹雼�. 瓯半灅 頉� Hodges電� 33,703欤�鞚� 鞁れ鞝� 靻岇湢鞛愲 氤搓碃霅橂┌, 鞚� 欷� 29,997欤�電� 氩犾姢韺� 臁瓣贝鞚� 攵欖潃 鞝滍暅欤检瀰雼堧嫟.
Philip A. Hodges, Chief Supply Chain Officer de Boston Beer Co. (SAM), a re莽u le 08/11/2025 une attribution de 13,796 unit茅s d'actions restreintes (RSU) en contrepartie de l'annulation des attributions d'options sur actions du 24 mai 2023. L'attribution se divise en 9,197 RSU 脿 d茅lai qui se d茅verrouillent en trois tranches avec un d茅verrouillage final le March 1, 2027 sous r茅serve de la poursuite de l'emploi, et 4,599 RSU li茅es 脿 la performance qui suivent les m锚mes crit猫res de performance et le m锚me calendrier de d茅verrouillage que les options annul茅es. Le prix de l'attribution est indiqu茅 comme $0.00. Apr猫s la transaction, Hodges est d茅clar茅 propri茅taire b茅n茅ficiaire de 33,703 actions, dont 29,997 actions restreintes soumises 脿 des conditions de d茅verrouillage.
Philip A. Hodges, Chief Supply Chain Officer von Boston Beer Co. (SAM), erhielt am 08/11/2025 eine Zuteilung von 13,796 Restricted Stock Units (RSUs) im Austausch f眉r die Streichung seiner Aktienoptionszuweisungen vom 24. Mai 2023. Die Zuteilung teilt sich in 9,197 zeitbasierte RSUs, die in drei Tranchen vesten und deren endg眉ltiges Vesting am March 1, 2027 erfolgt, vorbehaltlich fortgesetzter Anstellung, und 4,599 leistungsbasierte RSUs, die den gleichen Performance-Kriterien und dem gleichen Vesting-Zeitplan wie die gestrichenen Optionen folgen. Der Ausgabepreis der Zuteilung wird mit $0.00 angegeben. Nach der Transaktion wird Hodges als wirtschaftlicher Eigent眉mer von 33,703 Aktien gef眉hrt, darunter 29,997 eingeschr盲nkte Aktien, die Vesting-Bedingungen unterliegen.
FAQ
What transaction did Boston Beer (SAM) report for Philip A. Hodges?
How are the 13,796 RSUs structured?
How many shares does Hodges beneficially own after the reported transaction?
Was any cash paid for the RSU grant?
Was the RSU grant connected to cancellation of prior awards?
