Brian P. Lynch - Feb 6, 2025 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
EVP, CFO
Signature
/s/ Clinton Foss Attorney-in-Fact for Brian P. Lynch under a Limited Power of Attorney dated November 30, 2023.
Stock symbol
MODG
Transactions as of
Feb 6, 2025
Transactions value $
-$76,032
Form type
4
Date filed
2/7/2025, 04:16 PM
Previous filing
Jun 4, 2024
Next filing
Feb 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +16.2K +8.71% $0.00 202K Feb 6, 2025 Direct F1, F2
transaction MODG Common Stock Tax liability -$76K -9.5K -4.72% $8.00 192K Feb 6, 2025 Direct F3
holding MODG Common Stock 36.6K Feb 6, 2025 By Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MODG Restricted Stock Units Options Exercise $0 -16.2K -33.33% $0.00 32.3K Feb 6, 2025 Common Stock 16.2K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").
F2 RSUs convert into common stock on a one-for-one basis.
F3 Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
F4 The RSUs were granted on February 6, 2024 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F5 Represents only the unvested portion of the RSUs granted on February 6, 2024 and does not include other RSUs with different vesting terms.