Form 4: Topgolf Callaway Brands Director Exercises Restricted Stock Units
SEC Form 4 Filing
Director Erik J Anderson converted restricted stock units into common stock of Topgolf Callaway Brands Corp.
Summary
- On June 6, 2024, Erik J Anderson, a director of Topgolf Callaway Brands Corp., exercised 6,988 restricted stock units (RSUs), converting them into common stock.
- The RSUs were granted on June 6, 2023, and vested fully on the first anniversary of the grant date.
- Following the transaction, Anderson directly owns 38,215 shares of common stock.
- Anderson also indirectly owns 760,459 shares through WestRiver Management, LLC and 40,476 shares through Anderson Family Investments, LLC.
- Anderson disclaims beneficial ownership of these indirectly held securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings and transactions of company directors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it increases the number of outstanding shares, but the amount is relatively small.
Key Dates
| Date | Description |
|---|---|
| 06/06/2023 | Date the Restricted Stock Units (RSUs) were granted. |
| 01/23/2024 | Date of Limited Power of Attorney. |
| 06/06/2024 | Date of transaction where RSUs were converted into common stock. |
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