Form 4: Topgolf Callaway Brands CEO Transfers Shares to Family Trusts for Estate Planning

Oliver G. Brewer III, CEO of Topgolf Callaway Brands Corp., transferred common shares to family trusts for estate planning purposes on April 4, 2024.

Summary

• On April 4, 2024, Oliver G. Brewer III, the President and CEO of Topgolf Callaway Brands Corp., executed transactions involving the company's common stock.
• These transactions involved the transfer of shares to various trusts for the benefit of immediate family members.
• The transfers were made for no consideration and are related to estate planning purposes.
• Brewer retains beneficial ownership of the shares because he or his spouse is a trustee of each recipient trust.
• 39,999 shares were disposed of to a family trust.
• 13,333 shares each were acquired by a family trust for each of his three sons.
• 407,745 shares are held by a family trust for his spouse.

Sentiment

Score: 7

Explanation: The document is neutral in sentiment as it reports routine transactions related to estate planning. There is no indication of positive or negative impact on the company.

Positives

• The transactions are part of personal estate planning, which does not directly impact the company's operations or financial health.

Future Outlook

The document does not contain any forward-looking statements about the company's future performance.

Management Comments

• The transactions reported on this form represent transfers of common shares, for no consideration, ultimately to various trusts for the benefit of immediate family members for estate planning purposes.
• The Reporting Person or his spouse is a trustee of each recipient trust, and, accordingly, the Reporting Person retains beneficial ownership of the shares.

Industry Context

This is a routine filing related to insider transactions and does not reflect any specific industry trends or competitive pressures.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as they are related to personal estate planning.

Key Dates