Form 4: Fila Holdings Chairman Yoon Soo (Gene) Yoon Reports Small Acushnet Holdings Stock Purchase

Yoon Soo (Gene) Yoon, Chairman of Fila Holdings and a director and 10% owner of Acushnet Holdings Corp., reported acquiring 70 shares of Acushnet common stock at $63.99 per share due to dividend equivalent rights.

Summary

• On March 22, 2024, Yoon Soo (Gene) Yoon, Chairman of Fila Holdings, acquired 70 shares of Acushnet Holdings Corp. common stock at a price of $63.99 per share.
• The acquisition was due to dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units, adjusted for rounding of fractional amounts, under the Issuer's deferred compensation plan.
• Following the transaction, Yoon directly owns 39,480 shares.
• Yoon is deemed the beneficial owner of 33,110,486 shares held by Magnus Holdings Co., Ltd., a subsidiary of Fila Holdings Corp., but disclaims beneficial ownership except to the extent of his pecuniary interest.
• The reporting person is the Chairman of Fila Holdings Corp. and may be deemed to be the beneficial owner and have voting and dispositive power with respect to the shares held by Magnus Holdings Co., Ltd.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing reflects routine transactions by a major shareholder and director, providing insight into their ongoing investment in the company. It's typical for directors to receive stock or dividend equivalents as part of their compensation or investment strategy.

Key Dates