Oliver G. Brewer III - Feb 22, 2025 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
President and CEO, Director
Signature
/s/ Clinton Foss Attorney-in-Fact for Oliver G. Brewer III under a Limited Power of Attorney dated November 30, 2023.
Stock symbol
MODG
Transactions as of
Feb 22, 2025
Transactions value $
-$54,468
Form type
4
Date filed
2/25/2025, 04:22 PM
Previous filing
Feb 18, 2025
Next filing
Mar 5, 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 +22.5K $0.00 22.5K Feb 22, 2025 Direct F1, F2
transaction MODG Common Stock Tax liability -$54.5K -7.77K -34.58% $7.01 14.7K Feb 22, 2025 Direct F3
transaction MODG Common Stock Gift $0 -14.7K -100% $0.00 0 Feb 22, 2025 Direct
transaction MODG Common Stock Gift $0 +14.7K +1.65% $0.00 905K Feb 22, 2025 By Family Trust
holding MODG Common Stock 408K Feb 22, 2025 By Family Trust for Spouse
holding MODG Common Stock 149K Feb 22, 2025 By Family Trust for Son 1
holding MODG Common Stock 149K Feb 22, 2025 By Family Trust for Son 2
holding MODG Common Stock 149K Feb 22, 2025 By Family Trust for Son 3

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 -22.5K -50% $0.00 22.5K Feb 22, 2025 Common Stock 22.5K Direct F1, 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 22, 2023 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 22, 2023 and does not include other RSUs with different vesting terms.