Form 4: Topgolf Callaway Brands CEO Oliver G. Brewer III Reports Stock Transactions
SEC Form 4 Filing
Oliver G. Brewer III, CEO of Topgolf Callaway Brands Corp., reports the vesting of restricted stock units and subsequent transactions.
Summary
- On February 6, 2025, Oliver G. Brewer III, the President and CEO of Topgolf Callaway Brands Corp., reported transactions involving the company's common stock.
- 38,885 shares were acquired upon the vesting of restricted stock units (RSUs).
- 13,924 shares were disposed of to satisfy tax withholding requirements related to the RSU vesting at a price of $8 per share.
- 24,961 shares were transferred as a gift.
- Following these transactions, Brewer directly owns 24,961 shares and indirectly owns 877,948 shares through a family trust.
- He also indirectly owns shares through family trusts for his spouse and three sons.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
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 trading activities of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in outstanding shares from RSU vesting.
- The tax withholding benefits the government.
Key Dates
| Date | Description |
|---|---|
| November 30, 2023 | Date of Limited Power of Attorney granted to Clinton Foss. |
| February 6, 2024 | Date the RSUs were granted, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| February 6, 2025 | Date of the reported transactions: vesting of RSUs, tax withholding, and gift transfer. |
| February 7, 2025 | Date of signature for the Form 4 filing. |
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