Form 4: Topgolf Callaway Brands Corp. Executive Rebecca Fine Reports Stock Transactions
SEC Form 4 Filing
EVP and Global CPO Rebecca Fine reports the vesting of restricted stock units and subsequent tax withholding, resulting in adjustments to her holdings of Topgolf Callaway Brands Corp. common stock.
Summary
- On February 17, 2025, Rebecca Fine, EVP and Global CPO of Topgolf Callaway Brands Corp., reported transactions involving the company's common stock.
- 3,118 shares were acquired upon the vesting of restricted stock units (RSUs).
- 925 shares were withheld by the company to satisfy tax obligations related to the RSU vesting at a price of $7.27.
- Following these transactions, Fine directly owns 71,542 shares of common stock.
- The reported transactions also reflect a decrease in the number of restricted stock units held, specifically those granted on February 17, 2022, which vest in three equal annual installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minor impact on the overall share structure of the company.
Key Dates
| Date | Description |
|---|---|
| February 17, 2022 | Date the Restricted Stock Units (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 tax withholding. |
| February 18, 2025 | Date of signature for the Form 4 filing. |
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