Form 4: Boston Beer Co. Executive Carolyn L. O'Boyle Reports Stock Sale
SEC Form 4
Chief People Officer of Boston Beer Co., Carolyn L. O'Boyle, reports the sale of 62 shares of Class A Common Stock at a price of $292.74 per share.
Summary
- Carolyn L. O'Boyle, Chief People Officer of Boston Beer Co., filed a Form 4 on November 4, 2024, reporting a transaction on November 1, 2024.
- She sold 62 shares of Class A Common Stock at $292.74 per share.
- Following the transaction, O'Boyle beneficially owns 6,779 shares, including 6,008 shares of restricted stock subject to vesting conditions.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 7, 2024.
- Michael G. Andrews acted under Power of Attorney for Carolyn L. O'Boyle.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing for an insider stock sale, which is neutral in sentiment. The sale was pre-planned under a 10b5-1 trading plan.
Industry Context
This is a routine disclosure of an insider transaction and doesn't necessarily indicate a broader trend in the beverage industry or the company's performance.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small sale by an executive under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| March 2, 2020 | Date of Limited Power of Attorney execution by Carolyn L. O'Boyle. |
| May 7, 2024 | Date Carolyn L. O'Boyle adopted a Rule 10b5-1 trading plan. |
| November 1, 2024 | Date of the stock sale transaction. |
| November 4, 2024 | Date the Form 4 was filed. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.