STOCK TITAN

Boston Beer (SAM) director granted RSUs and options in new equity awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Boston Beer director Cynthia Swanson received new equity compensation. She was granted 358 restricted stock units of Class A Common Stock that vest in full on May 12, 2027, contingent on continued board service. She also received stock options for 691 Class A shares at an exercise price of $181.63 per share, which are immediately exercisable subject to the company’s director stock ownership and retention guidelines. Following these awards, she directly holds 1,294 Class A Common shares.

Positive

  • None.

Negative

  • None.
Insider Swanson Cynthia
Role null
Type Security Shares Price Value
Grant/Award May 27, 2026 Stock Option 691 $0.00 --
Grant/Award Class A Common 358 $0.00 --
Holdings After Transaction: May 27, 2026 Stock Option — 691 shares (Direct, null); Class A Common — 1,294 shares (Direct, null)
Footnotes (1)
  1. On May 27, 2026, the Issuer granted 358 RSUs to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The shares will vest in full on May 12, 2027, provided that the non-employee Director remains a member of the Board of Directors as of that date. The shares reported include 358 shares of restricted stock subject to vesting conditions. On May 27, 2026, the Issuer granted 691 option shares to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The option shares are immediately exercisable, subject to the Company's Director Stock Ownership and Retention Guidelines.
RSUs granted 358 shares Restricted stock units granted on May 27, 2026
Options granted 691 shares Stock option grant on May 27, 2026
Option exercise price $181.63/share Exercise price for 691 option shares
Shares after transaction 1,294 shares Class A Common directly held following awards
RSU vesting date May 12, 2027 Full vesting date for 358 RSUs
Option expiration May 26, 2036 Expiration date for 691 stock options
restricted stock units financial
"the Issuer granted 358 RSUs to the Reporting Person under the Issuer's Equity Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Plan for Non-Employee Directors financial
"granted 358 RSUs to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors"
Director Stock Ownership and Retention Guidelines financial
"option shares are immediately exercisable, subject to the Company's Director Stock Ownership and Retention Guidelines"
stock options financial
"the Issuer granted 691 option shares to the Reporting Person"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Swanson Cynthia

(Last)(First)(Middle)
C/O THE BOSTON BEER COMPANY, INC.
ONE DESIGN CENTER PLACE, SUITE 850

(Street)
BOSTON MASSACHUSETTS 02210

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
BOSTON BEER CO INC [ SAM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common05/27/2026A(1)358A$0.001,294(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
May 27, 2026 Stock Option$181.6305/27/2026A(3)69105/27/202605/26/2036Class A Common691$0.00691D
Explanation of Responses:
1. On May 27, 2026, the Issuer granted 358 RSUs to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The shares will vest in full on May 12, 2027, provided that the non-employee Director remains a member of the Board of Directors as of that date.
2. The shares reported include 358 shares of restricted stock subject to vesting conditions.
3. On May 27, 2026, the Issuer granted 691 option shares to the Reporting Person under the Issuer's Equity Plan for Non-Employee Directors. The option shares are immediately exercisable, subject to the Company's Director Stock Ownership and Retention Guidelines.
Remarks:
Michael G. Andrews under POA for the benefit of Cynthia L. Swanson05/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What equity awards did Boston Beer (SAM) director Cynthia Swanson receive?

Cynthia Swanson received 358 restricted stock units and options on 691 Class A Common shares. The RSUs vest in 2027, and the options are immediately exercisable at an exercise price of $181.63 per share under the non-employee director equity plan.

When do Cynthia Swanson’s new Boston Beer (SAM) RSUs vest?

The 358 restricted stock units granted to Cynthia Swanson vest in full on May 12, 2027. Vesting requires that she remain a non-employee director and member of the Board of Directors through that vesting date under the company’s equity plan.

What is the exercise price and size of Cynthia Swanson’s new Boston Beer (SAM) stock options?

Cynthia Swanson was granted options on 691 Class A Common shares at an exercise price of $181.63 per share. These option shares are immediately exercisable, subject to Boston Beer’s Director Stock Ownership and Retention Guidelines for non-employee directors.

Are Cynthia Swanson’s new Boston Beer (SAM) stock options immediately exercisable?

Yes. The 691 option shares granted to Cynthia Swanson are immediately exercisable upon grant. However, their use is subject to the Company’s Director Stock Ownership and Retention Guidelines, which govern how directors must hold and manage their equity positions over time.

How many Boston Beer (SAM) shares does Cynthia Swanson hold after these Form 4 transactions?

After the reported transactions, Cynthia Swanson directly holds 1,294 shares of Boston Beer Class A Common Stock. This total includes 358 restricted shares that remain subject to vesting conditions, scheduled to vest fully on May 12, 2027, assuming continued board service.