Brian P. Lynch - Mar 8, 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
Mar 8, 2025
Transactions value $
-$395,044
Form type
4
Date filed
3/10/2025, 05:12 PM
Previous filing
Feb 25, 2025
Next filing
Mar 17, 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 +116K +58.05% $0.00 316K Mar 8, 2025 Direct F1
transaction MODG Common Stock Tax liability -$395K -62.6K -19.83% $6.31 253K Mar 8, 2025 Direct F2
holding MODG Common Stock 36.6K Mar 8, 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 Performance Stock Unit Options Exercise $0 -116K -100% $0.00 0 Mar 8, 2025 Common Stock 116K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance Stock Units ("PSUs") convert into common stock on a one-for-one basis.
F2 Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the PSU vesting.
F3 Represents the aggregate number of PSUs originally granted on March 8, 2021, the vesting of which was subject to the achievement of certain performance criteria, that have been earned as a result of the achievement of the applicable performance criteria. Such PSUs converted to time-based units 50% of which vested on the third anniversary of the grant date and 50% of which vested on the fourth anniversary of the grant date.