Form 4: Topgolf Callaway Brands CEO Artie Starrs Reports Stock Transactions
SEC Form 4 Filing
Artie Starrs, CEO of Topgolf Callaway Brands, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 22, 2025, Artie Starrs, CEO of Topgolf Callaway Brands, reported transactions involving the company's common stock.
- 13,999 shares of common stock were acquired upon the vesting of restricted stock units (RSUs).
- 5,229 shares were withheld by the company to satisfy tax obligations related to the RSU vesting at a price of $7.01.
- Following these transactions, Starrs directly owns 212,557 shares of common stock and 13,998 unvested RSUs.
- The RSUs were granted on February 22, 2023, and vest in three equal annual installments.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and any recent changes.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| February 22, 2023 | Date the Restricted Stock Units (RSUs) were granted. |
| November 30, 2023 | Date of Limited Power of Attorney granted to Clinton Foss. |
| February 22, 2025 | Date of RSU vesting and stock transactions. |
| February 25, 2025 | Date of signature on the Form 4 filing. |
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