Form 4: Topgolf Callaway Brands Corp. Executive Jennifer L. Thomas Reports Stock Transactions
SEC Form 4 Filing
Jennifer L. Thomas, SVP, Chief Accounting Officer of Topgolf Callaway Brands Corp., reports the vesting and subsequent tax withholding of shares related to performance stock units and restricted stock units.
Summary
- On June 3, 2024, Jennifer L. Thomas, SVP, Chief Accounting Officer of Topgolf Callaway Brands Corp., reported transactions involving common stock.
- The transactions involved the vesting of performance stock units (PSUs) and restricted stock units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- A total of 20,256 PSUs/RSUs converted into common stock at a price of $0.
- The company withheld a total of 8,795 shares of common stock at a price of $15.68 to satisfy tax withholding requirements.
- Following these transactions, Thomas directly owns 76,022 shares of Topgolf Callaway Brands Corp. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive 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 transactions have a minor impact on the overall share structure of the company.
Key Dates
| Date | Description |
|---|---|
| February 12, 2021 | Date of original grant for some Performance Stock Units (PSUs) and Restricted Stock Units (RSUs). |
| March 8, 2021 | Date of original grant for some Performance Stock Units (PSUs) and Restricted Stock Units (RSUs). |
| February 17, 2022 | Date of original grant for some Restricted Stock Units (RSUs). |
| February 22, 2023 | Date of original grant for some Restricted Stock Units (RSUs). |
| November 30, 2023 | Date of Limited Power of Attorney. |
| February 12, 2024 | Date when some PSUs and RSUs were fully vested. |
| March 8, 2024 | Date when some PSUs and RSUs were fully vested. |
| June 3, 2024 | Date of the reported transactions (vesting and tax withholding). |
| June 4, 2024 | Date of signature on the Form 4 filing. |
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