Form 4: Fila Holdings Sells 587,520 Shares of Acushnet Holdings Corp. (GOLF)

Ho Yeon (Aaron) Lee, CFO of Fila Holdings, reports the sale of 587,520 Acushnet Holdings Corp. shares at $63.8255 per share.

Summary

• Ho Yeon (Aaron) Lee, a director and 10% owner of Acushnet Holdings Corp., reported a transaction on July 10, 2024.
• Lee sold 587,520 shares of common stock at a price of $63.8255 per share.
• The shares were sold to Acushnet Holdings Corp. pursuant to a Stock Repurchase Agreement dated March 14, 2024.
• Following the transaction, Lee indirectly owns 32,522,966 shares through Magnus Holdings Co., Ltd., a subsidiary of Fila Holdings Corp.
• Lee disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is part of a pre-existing agreement and doesn't necessarily indicate a positive or negative outlook for the company.

Management Comments

• The reporting person disclaims beneficial ownership over the shares of Issuer common stock held by Magnus Holdings Co., Ltd., except to the extent of his pecuniary interest therein.

Industry Context

Stock repurchase agreements are common in the industry as a way for companies to return capital to shareholders and potentially boost share prices.

Related Party Transactions

• The sale of shares to Acushnet Holdings Corp. under the Stock Repurchase Agreement constitutes a related party transaction.

Stakeholder Impact

• The stock repurchase may have a minor positive impact on shareholders by potentially increasing the share price.

Key Dates