Boston Beer director receives new equity awards

Boston Beer Co. director Meghan V. Joyce received new equity awards as part of her board compensation.

Rhea-AI Filing Summary

Boston Beer Co. director Meghan V. Joyce received new equity awards as part of her board compensation. She was granted 358 restricted stock units that will vest in full on May 12, 2027, if she continues to serve as a non-employee director through that date. She also received a stock option covering 691 shares of Class A Common Stock at an exercise price of $181.63 per share, which is immediately exercisable, subject to the company’s Director Stock Ownership and Retention Guidelines. Following these grants, she directly holds 1,076 Class A Common shares and the newly granted option on 691 shares.

Insider Trade Summary

Grant/Award: 1,049 shares

Grant/Award 2 txns

Insider Joyce Meghan V.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	May 27, 2026 Stock Option	691	$0.00	$0.00
Grant/Award	Class A Common	358	$0.00	$0.00

Holdings After Transaction: May 27, 2026 Stock Option — 691 contracts (Direct); Class A Common — 1,076 shares (Direct)

Footnotes (3)

1. F1. 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. F2. The shares reported include 358 shares of restricted stock subject to vesting conditions.
3. F3. 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.

Key Figures

RSUs granted: 358 units Stock options granted: 691 shares Option exercise price: $181.63 per share +3 more

6 metrics

RSUs granted 358 units Granted on May 27, 2026; vest May 12, 2027

Stock options granted 691 shares May 27, 2026 grant under Equity Plan for Non-Employee Directors

Option exercise price $181.63 per share Conversion or exercise price of May 27, 2026 stock option

Option expiration May 26, 2036 Expiration date of May 27, 2026 stock option grant

Shares owned after grant 1,076 shares Total Class A Common directly held following RSU grant

Underlying option shares 691 shares Underlying Class A Common shares for May 27, 2026 option

Key Terms

RSUs, Equity Plan for Non-Employee Directors, restricted stock, Director Stock Ownership and Retention Guidelines, +1 more

5 terms

RSUs financial

"the Issuer granted 358 RSUs to the Reporting Person under the Issuer's Equity Plan"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Equity Plan for Non-Employee Directors financial

"under the Issuer's Equity Plan for Non-Employee Directors. The shares will vest"

restricted stock financial

"The shares reported include 358 shares of restricted stock subject to vesting"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Director Stock Ownership and Retention Guidelines financial

"immediately exercisable, subject to the Company's Director Stock Ownership and Retention Guidelines"

stock option financial

"the Issuer granted 691 option shares to the Reporting Person under the Issuer's Equity Plan"

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did Boston Beer (SAM) director Meghan V. Joyce receive?

Meghan V. Joyce received 358 restricted stock units and a stock option for 691 shares of Class A Common Stock at an exercise price of $181.63 per share, granted under Boston Beer’s Equity Plan for Non-Employee Directors.

When do Meghan V. Joyce’s Boston Beer (SAM) RSUs vest?

The 358 restricted stock units granted to Meghan V. Joyce will vest in full on May 12, 2027, provided she remains a non-employee member of Boston Beer’s Board of Directors through that date under the company’s equity plan terms.

What are the terms of Meghan V. Joyce’s Boston Beer (SAM) stock option grant?

Her stock option covers 691 shares of Class A Common Stock at a $181.63 exercise price, is immediately exercisable, and expires on May 26, 2036. It is granted under Boston Beer’s Equity Plan for Non-Employee Directors and is subject to Director Stock Ownership and Retention Guidelines.

How many Boston Beer (SAM) shares does Meghan V. Joyce own after these grants?

After these grants, Meghan V. Joyce directly holds 1,076 shares of Boston Beer Class A Common Stock, including 358 restricted shares subject to vesting conditions, along with an additional stock option covering 691 underlying shares granted on May 27, 2026.

Are Meghan V. Joyce’s Boston Beer (SAM) option shares currently exercisable?

Yes. The 691 option shares granted to Meghan V. Joyce on May 27, 2026 are immediately exercisable at $181.63 per share, although they remain subject to Boston Beer’s Director Stock Ownership and Retention Guidelines as described in the Form 4 footnotes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 07:47 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Joyce Meghan V.

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common	05/27/2026		A(1)		358	A	$0.00	1,076(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
May 27, 2026 Stock Option	$181.63	05/27/2026		A(3)		691		05/27/2026	05/26/2036	Class A Common	691	$0.00	691	D

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 Meghan V. Joyce	05/28/2026
	** Signature of Reporting Person	Date
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)