Form 4: Topgolf Callaway Brands CEO Exercises Performance Stock Units

Oliver G. Brewer III, CEO of Topgolf Callaway Brands Corp., reports the conversion and disposal of performance stock units to common stock, along with transactions to cover tax obligations.

Summary

• On March 8, 2025, Oliver G. Brewer III, the President and CEO of Topgolf Callaway Brands Corp., executed transactions involving performance stock units (PSUs).
• 347,938 PSUs were converted into common stock at a price of $0 per share.
• 168,038 shares of common stock were disposed of at $6.31 per share to satisfy tax withholding requirements related to the PSU vesting.
• 179,900 shares of common stock were transferred.
• Following these transactions, Brewer directly owns 179,900 shares of common stock.
• Brewer also indirectly owns 989,297 shares through a family trust, 407,745 shares through a family trust for his spouse, and 181,153 shares each through family trusts for his three sons.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard reporting of executive stock transactions related to compensation.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect the execution of pre-existing compensation agreements.

Key Dates