Form 4: Acushnet Holdings Corp. Director Lee Ho Yeon (Aaron) Sells Shares Back to Company
SEC Form 4
Director Lee Ho Yeon (Aaron) of Acushnet Holdings Corp. reports selling 935,907 shares of common stock back to the company at $66.7803 per share.
Summary
- Lee Ho Yeon (Aaron), a director and 10% owner of Acushnet Holdings Corp., filed a Form 4 indicating a change in beneficial ownership.
- On April 10, 2025, Lee Ho Yeon sold 935,907 shares of Acushnet Holdings Corp. common stock.
- The shares were sold back to Acushnet Holdings Corp. at a price of $66.7803 per share, pursuant to a stock repurchase agreement dated June 14, 2024.
- Following the transaction, Lee Ho Yeon indirectly beneficially owns 30,477,059 shares through Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp.
- Lee Ho Yeon disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. The sentiment is neutral as it simply reports facts without expressing any positive or negative views.
Industry Context
Stock repurchases are often used by companies to return capital to shareholders and can signal management's belief that the company's stock is undervalued.
Related Party Transactions
- The sale of shares to Acushnet Holdings Corp. is a related party transaction.
Stakeholder Impact
- The stock repurchase may have a positive impact on shareholders by potentially increasing the value of the remaining shares.
Key Dates
| Date | Description |
|---|---|
| June 14, 2024 | Date of the Stock Repurchase Agreement |
| April 10, 2025 | Date of the transaction (sale of shares) |
Keywords
Acushnet Holdings Corp, Lee Ho Yeon, Stock Repurchase, Beneficial Ownership, Form 4, GOLF, Shares, Director
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