Boston Beer awards 2023 bonuses (95% scale), raises 2024 base salaries 3-4%, grants new RSUs

BOSTON BEER CO INC

2023 bonus: Company achieved 95% on bonus scale; CEO Burwick gets $1,032,605, CFO Reynoso $111,000, others $189,850-$432,000.
2024 base salaries: Reynoso $624,000 (+4%), Murphy $393,756 (+3%), Hodges $633,450 (+3%), Lysyj $545,432 (+3%); Burwick $860,503 (no change).
2024 long-term equity awards: Reynoso $400k each time/performance RSUs, Murphy $125k each, Lysyj $775k each; Burwick opts out.
New retirement provision: equity awards vest post-retirement if age 60+, 15+ years service, 6 months notice.
2024 bonus targets: Burwick 120%, Reynoso 65% (up 5pp), Lysyj 65% (up 5pp), Geist 50% (down 25pp), others unchanged.

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