Form 4: Topgolf Callaway Brands Director Laura Flanagan Reports Stock Vesting

Director Laura Flanagan reported the vesting of restricted stock units into 6,988 shares of Topgolf Callaway Brands Corp. common stock on June 6, 2024.

Summary

• On June 6, 2024, Laura Jean Flanagan, a director of Topgolf Callaway Brands Corp., reported the vesting of 6,988 restricted stock units (RSUs) into common stock.
• The RSUs converted on a one-for-one basis, resulting in Flanagan acquiring 6,988 shares of common stock.
• The vesting occurred as per the terms of the RSUs granted on June 6, 2023, which vested in full on the first anniversary of the grant date.
• Following the transaction, Flanagan directly owns 42,064 shares of Topgolf Callaway Brands Corp. common stock.
• The transaction was executed under Transaction Code M, indicating the exercise or conversion of derivative security.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard reporting of stock vesting, which is part of executive compensation.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's a standard practice for publicly traded companies and their executives.

Key Dates