MODG.Topgolf Callaway Brands CORP

Form 4: Topgolf Callaway Brands Corp. Executive Glenn F. Hickey Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Glenn F. Hickey, EVP & President of Callaway Golf, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

  • Glenn F. Hickey, an executive at Topgolf Callaway Brands Corp., filed a Form 4 detailing changes in his beneficial ownership of company stock.
  • On February 17, 2025, 4,989 restricted stock units (RSUs) vested and converted into common stock.
  • The company withheld 2,751 shares to satisfy tax withholding requirements at a price of $7.27 per share.
  • Following these transactions, Hickey directly owns 80,566 shares of common stock and 0 RSUs granted on February 17, 2022.
  • The RSUs were granted on February 17, 2022, and vest in three equal annual installments beginning on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions, and doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.

Key Dates

DateDescription
February 17, 2022Date the RSUs were granted, vesting in three equal annual installments beginning on the first anniversary of the grant date.
November 30, 2023Date of Limited Power of Attorney granted to Clinton Foss.
February 17, 2025Date of RSU vesting and stock transactions.
February 18, 2025Date of signature on the Form 4 filing.

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