MODG.Topgolf Callaway Brands CORP

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

Sentiment:

SEC Form 4 Filing

📋All filings for Topgolf Callaway Brands CORP
🔒Login to Follow

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

Summary

  • On February 22, 2025, Glenn F. Hickey, EVP & President of Callaway Golf, reported transactions involving Topgolf Callaway Brands Corp. common stock.
  • Mr. Hickey vested 6,222 shares of common stock from restricted stock units (RSUs) at a price of $0.
  • Simultaneously, 3,421 shares were withheld by the company to cover tax obligations at a price of $7.01 per share.
  • Following these transactions, Mr. Hickey directly owns 83,367 shares of common stock and 6,221 unvested RSUs.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

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 minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

DateDescription
February 22, 2023Date the RSUs were granted, vesting in three equal annual installments beginning on the first anniversary of the grant date.
November 30, 2023Date of the Limited Power of Attorney granted to Clinton Foss.
February 22, 2025Date of the reported transactions: RSU vesting and tax withholding.
February 25, 2025Date of signature for the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.