Form 4: Topgolf Callaway Brands CEO Artie Starrs Reports Stock Transactions
SEC Form 4 Filing
Topgolf Callaway Brands CEO Artie Starrs reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 6, 2025, Artie Starrs, CEO of Topgolf Callaway Brands Corp., reported transactions involving the company's common stock.
- 26,921 shares were acquired upon the vesting of restricted stock units (RSUs) at a price of $0.
- 10,663 shares were withheld by the company to satisfy tax obligations related to the RSU vesting at a price of $8.
- Following these transactions, Starrs directly owns 198,381 shares of common stock and 53,840 unvested RSUs.
- The RSUs were granted on February 6, 2024, and vest in three equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, so the sentiment is neutral.
Industry Context
This Form 4 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 vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| November 30, 2023 | Date of Limited Power of Attorney for Artie Starrs. |
| February 6, 2024 | Date the RSUs were granted, vesting in three equal annual installments. |
| February 6, 2025 | Date of RSU vesting and tax withholding. |
| February 7, 2025 | Date of signature on the Form 4 filing. |
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