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Boston Beer Co., Inc. ownership filing reports that Vanguard Portfolio Management LLC beneficially owned 635,388 shares of Common Stock, representing 7.58% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 635,388 shares and sole voting power for 919 shares. The disclosure notes these holdings reflect securities held for Vanguard funds and managed accounts and identifies Vanguard Portfolio Management LLC and affiliated divisions as the reporting persons.
The Boston Beer Company, Inc. reports that a jury in federal court returned a verdict in favor of Ardagh Metal Packaging USA Corp., awarding Ardagh approximately $175.5 million in damages on a contract dispute over aluminum can purchase commitments from 2021 to 2025.
The company plans to record an estimated pre-tax one-time litigation expense liability of $175.5 million plus accrued interest, if assessed, and intends to pursue post-trial motions and potential appeals. Management expects any required payment to be funded with cash on hand and its credit facility, and does not expect a material impact on operating plans.
As of December 27, 2025, Boston Beer had $223.4 million in cash, no debt, and $150.0 million available on its existing line of credit. The company also expects to maintain its previously announced $25 million share repurchase plan running from March 30 to June 26, 2026.
The Boston Beer Company is asking stockholders to elect Class A and Class B director slates, approve an advisory Say‑on‑Pay vote, and ratify Deloitte & Touche LLP as auditor at the 2026 annual meeting. Class A and Class B shares each carry one vote per share.
In 2025, net revenue was $1.965 billion, down 2.4%, while depletions and shipments each fell mid‑single digits. Profitability improved, with a 48.5% gross margin, net income of $108.5 million, and diluted EPS of $9.89. Operating cash flow reached $270.2 million, year‑end cash was $223.4 million, and the company repurchased about $200 million of shares.
Founder C. James Koch reassumed the President and CEO roles in August 2025, declined salary and bonus, and received total 2025 compensation of $5,695. Former CEO Michael Spillane earned $8.89 million, heavily weighted to stock options. Other executives’ pay remained strongly performance‑based, with 2025 bonuses funded at 95% of target after the company achieved $123 million in focused cost savings and EBIT of $146.3 million, but negative depletions growth.
Boston Beer Co. director Cynthia A. Fisher exercised a 2016 stock option to acquire 1,560 shares of Class A Common Stock at $157.58 per share. Following the exercise, she holds 4,041 shares directly, including 271 shares of restricted stock subject to vesting conditions.
The filing also shows additional Class A Common shares held indirectly through a foundation, LLCs, a custodial account managed by her spouse for children under UGTMA, and a trust for children. Fisher expressly disclaims beneficial ownership of these indirect holdings except to the extent of her pecuniary interest.
The Vanguard Group reports zero beneficial ownership of Boston Beer Co. common stock. In an amendment to its Schedule 13G, The Vanguard Group says that following an internal realignment on January 12, 2026 certain subsidiaries now report holdings separately, and The Vanguard Group no longer is deemed to beneficially own those securities.
The filing states Amount beneficially owned: 0 and Percent of class: 0%. The filing is signed by Ashley Grim, Head of Global Fund Administration, on 03/26/2026.
Boston Beer Company executive Matthew Donal Murphy, the CAO and VP of Finance, acquired 129 shares of Class A Common Stock through the company’s Employee Equity Incentive Plan at a price of $136.07 per share. These are restricted shares that were effectively granted on March 1, 2026 and will vest in five equal annual installments over five years, as long as he remains employed at each vesting date. After this award, he directly holds 7,235 shares, including 4,012 shares of restricted stock that remain subject to vesting conditions.
The Boston Beer Company, Inc. reported two corporate updates. Director Michael Spillane informed the Board he will not stand for re-election and will retire from the Board at the conclusion of the 2026 Annual Meeting of Stockholders, and his decision was stated as not due to any disagreements regarding operations, policies, or practices.
The company also entered into a Rule 10b5-1 plan on March 10, 2026 to repurchase up to $25 million of its Class A Common Stock during the period from March 30, 2026 through June 26, 2026, providing an authorized framework for share buybacks over that timeframe.
Boston Beer Company’s Chief Operating Officer, Philip A. Hodges, reported a Form 4 showing a tax-withholding disposition of 1,587 shares of Class A Common stock on March 1, 2026. The issuer net withheld these shares to cover taxes on 3,811 restricted stock units that vested the same day. After this transaction, Hodges directly owned 45,301 shares, including 30,378 shares of restricted stock subject to vesting conditions.
Boston Beer’s Chief Marketing Officer Lesya Lysyj received a grant related to a March 1, 2023 performance-based stock option for 566 shares, bringing her total option holdings of that grant to 1,131. On the same date, 383 Class A shares were withheld at $226.78 per share to satisfy taxes on vesting restricted stock units. Footnotes note that 1,293 RSUs vested on March 1, 2026 and that her holdings include 9,465 restricted shares still subject to vesting conditions.