MODG.Topgolf Callaway Brands CORP

Form 4: Topgolf Callaway Brands CEO Artie Starrs Reports Stock Transactions

Sentiment:

SEC Form 4

📋All filings for Topgolf Callaway Brands CORP
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Artie Starrs, CEO of Topgolf Callaway Brands, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

  • On February 17, 2025, Artie Starrs, CEO of Topgolf Callaway Brands Corp., reported transactions involving the company's common stock.
  • 9,355 shares of common stock were issued upon the vesting of restricted stock units (RSUs).
  • The vesting of these RSUs was a result of a grant made on February 17, 2022, which vests in three equal annual installments.
  • 3,949 shares were withheld by the company to satisfy tax obligations related to the RSU vesting at a price of $7.27.
  • Following these transactions, Starrs directly owns 203,787 shares of common stock and no derivative securities from the February 17, 2022 grant.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting routine stock transactions related to executive compensation.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.

Key Dates

DateDescription
February 17, 2022Date the Restricted Stock Units (RSUs) were granted, vesting in three equal annual installments.
November 30, 2023Date of Limited Power of Attorney granted to Clinton Foss.
February 17, 2025Date of transaction: vesting of RSUs and tax withholding.
February 18, 2025Date of signature for the Form 4 filing.

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