Form 4: Topgolf Callaway Brands Corp. Executive Jennifer L. Thomas Reports Stock Transactions

Jennifer L. Thomas, SVP, Chief Accounting Officer of Topgolf Callaway Brands Corp., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On February 17, 2025, Jennifer L. Thomas, SVP, Chief Accounting Officer of Topgolf Callaway Brands Corp., reported transactions involving the company's common stock.
• Ms. Thomas acquired 1,559 shares of common stock upon the vesting of restricted stock units (RSUs).
• 700 shares were withheld by the company to satisfy tax obligations related to the RSU vesting at a price of $7.27.
• Following these transactions, Ms. Thomas directly owns 78,365 shares of Topgolf Callaway Brands Corp. common stock.
• The reported transactions relate to RSUs granted on February 17, 2022, which vest in three equal annual installments beginning on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive compensation matter.

Key Dates

Keywords

Form 4, Topgolf Callaway Brands Corp., Jennifer L. Thomas, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Insider Trading, Stock Transactions