Form 4: Boston Beer Co. CFO Diego Reynoso Reports Stock Transactions
SEC Form 4
CFO and Treasurer of Boston Beer Co., Diego Reynoso, reports acquisition and disposal of Class A Common stock and stock options.
Summary
- Diego Reynoso, CFO and Treasurer of Boston Beer Co., filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Reynoso acquired 9,437 shares of Class A Common stock through Restricted Stock Units (RSUs) at $0.00.
- On the same day, 426 shares were disposed of at $243.77 to cover tax obligations related to the vesting of RSUs.
- Following these transactions, Reynoso beneficially owns 15,746 shares of Class A Common stock, including 13,961 restricted shares.
- Reynoso also acquired 2,429 stock options with an exercise price of $333.50, vesting in installments from March 1, 2024, to March 1, 2027, and expiring on October 30, 2033.
- The reported transactions include grants of Restricted Stock Units (RSUs) under the Issuer's Restated Employee Equity Incentive Plan (EEIP).
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares through RSUs is a positive sign, while the disposal for tax obligations is a routine event. Overall, it reflects standard executive compensation practices.
Positives
- The acquisition of 9,437 shares through RSUs indicates confidence in the company's future performance.
Negatives
- The disposal of 426 shares to cover tax obligations, while routine, slightly reduces Reynoso's holdings.
Risks
- Vesting of restricted stock and stock options is contingent upon continued employment, creating a potential risk if Reynoso were to leave the company.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedule of the stock options and restricted stock units suggests a long-term commitment from the CFO.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the alignment of management's interests with those of shareholders. These transactions are typical for executives receiving equity-based compensation.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 10/31/2023 | Time-Based Stock Option was granted pursuant to the Issuer's EEIP |
| 03/01/2024 | First vesting date for stock options. |
| 03/01/2025 | Date of reported transactions: acquisition of RSUs and disposal of shares for tax obligations. |
| 03/01/2025 | Vesting of 1,448 RSUs. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
| 10/30/2033 | Expiration date of stock options. |
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