March 18, 2024 · Form 4 insider transaction
O'Boyle Carolyn L. bought 95 shares of The Boston Beer Company, Inc. at $184.88 per share, a transaction worth $17.6K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 0 days after the transaction.
The shares were purchased pursuant to the Issuer's Employee Equity Incentive Plan on March 18, 2024, with an effective grant date of March 1, 2024. Under this plan, tenured employees may purchase restricted shares at a discounted price. These restricted shares vest in five equal installments over a five year period, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date. The first installment vests one year from the grant date and the final installment vests five years from the grant date. These shares have no expiration date.; The shares reported include 6,008 shares of restricted stock subject to vesting conditions.