Sundar PichaiSundar Pichai earned $164M in 2023

David A. Burwick is the CEO of Boston Beer Company, known for brands like Samuel Adams. He's been steering the ship since April 2018, bringing over 30 years of marketing experience to the role. Burwick holds a Bachelor's degree in...

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David A. Burwick

Ex-CEO of Boston Beer

Education

Bachelor's degree in Business Management

Field of Expertise

Sales & Marketing - Marketing

Sector of Economy

Consumer Defensive

Born

January 1, 1965 - 60 years ago

CEO of Boston Beer for

5 years 11 months (Apr 2018 - Mar 2024)

Previous Experience

Various roles in the beverage industry

Holdings

See how much did David A. Burwick make over time.

As of the latest data, David Burwick holds a significant amount of restricted stock units (RSUs) linked to Boston Beer shares. In 2023, his stock options were granted with performance criteria, showcasing a compensation structure that aligns his interests with...

Insider Trading

See recent insider trades of David A. Burwick.

No insider trades found for this CEO.

Compensation History

See how much did David A. Burwick make over time.

In 2023, David Burwick's total compensation reached $1,866,222, including a base salary of $860,500, a performance-based bonus of $1,032,605, and vested stock valued at over $2 million. His compensation reflects a mix of salary and performance incentives, showing that he is rewarded when the company performs well. However, in 2022, his total compensation was much lower at $848,576 due to the company's performance falling below expectations, resulting in no cash bonuses. This shows a clear link between Burwick’s pay and the company's success, and his commitment to the team's overall performance is evident, as he has previously opted out of bonuses to support his colleagues effectively. His compensation strategy aligns with the goal of increasing stockholder value over time, making it a pivotal aspect of his leadership style.

Year

2023

Total Compensation

$3.91M

Salary

$860.50K

Board Justification

The compensation program aims to attract and retain talented executives, aligning their interests with company performance and stockholder value through a mix of salary, cash bonuses, and equity awards.

Bonus

$1.03M

Board Justification

The bonus was based on the company's performance against the 2023 cash bonus scale, achieving 95% on the scale, and was paid in March 2024.

Other

$14.12K

Board Justification

Includes matching contributions to the Company’s 401(k) plan and contributions to group life insurance and disability insurance.

Restricted Stock

$2.00M(6.18K RSU)

Board Justification

The RSUs granted on March 1, 2023, vest over a four-year period contingent on continued employment.

Performance Metrics

The performance metrics include depletions growth, EBIT, and resource efficiency targets.