Form 4: Topgolf Callaway Brands Corp. EVP, CFO Brian P. Lynch Reports Stock Transactions
SEC Form 4 Filing
Brian P. Lynch, EVP and CFO of Topgolf Callaway Brands Corp., reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On February 17, 2025, Brian P. Lynch, the EVP and CFO of Topgolf Callaway Brands Corp., reported transactions involving the company's common stock.
- 7,796 shares of common stock were issued upon the vesting of restricted stock units (RSUs).
- 4,287 shares were withheld by the company to satisfy tax withholding requirements related to the RSU vesting at a price of $7.27.
- Following these transactions, Lynch directly owns 195,507 shares of common stock and indirectly owns 36,575 shares through a family trust.
- The reported RSUs were granted on February 17, 2022, and vest in three equal annual installments starting on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; therefore, the sentiment is neutral.
Industry Context
This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date the RSUs were granted, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| November 30, 2023 | Date of the Limited Power of Attorney granted to Clinton Foss. |
| February 17, 2025 | Date of the reported transactions: vesting of RSUs and subsequent stock withholding for taxes. |
| February 18, 2025 | Date of signature for the Form 4 filing. |
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