Form 4: Topgolf Callaway Brands Executive Glenn F. Hickey Reports Stock Transactions
SEC Form 4 Filing
Glenn F. Hickey, EVP & President of Callaway Golf, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of Topgolf Callaway Brands Corp. stock.
Summary
- On February 6, 2025, Glenn F. Hickey, an executive at Topgolf Callaway Brands Corp., reported transactions involving the company's common stock.
- He acquired 10,769 shares of common stock upon the vesting of restricted stock units (RSUs).
- The company withheld 6,492 shares to satisfy tax withholding requirements related to the RSU vesting.
- Following these transactions, Hickey directly owns 78,328 shares of common stock.
- He also holds 21,536 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions, with no inherent positive or negative sentiment. It's a routine regulatory filing.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a common practice for executives to receive stock-based compensation, and the vesting and subsequent tax withholding are typical events.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
- Employees may be interested in the details of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| November 30, 2023 | Date of Limited Power of Attorney granted to Clinton Foss. |
| February 6, 2024 | Date the RSUs were granted, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| February 6, 2025 | Date of the reported transactions: vesting of RSUs and tax withholding. |
| February 7, 2025 | Date of the signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.