Artie Starrs - 22 Feb 2024 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
CEO, Topgolf
Signature
/s/ Clinton Foss Attorney-in-Fact for Artie Starrs under a Limited Power of Attorney dated November 30, 2023.
Issuer symbol
MODG
Transactions as of
22 Feb 2024
Net transactions value
-$78,558
Form type
4
Filing time
22 Feb 2024, 17:56:00 UTC
Previous filing
20 Feb 2024
Next filing
05 Mar 2024
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 +13,999 +18% $0.000000 90,124 22 Feb 2024 Direct F1
transaction MODG Common Stock Tax liability $78,558 -5,509 -6.1% $14.26 84,615 22 Feb 2024 Direct F2

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 -13,999 -33% $0.000000 27,997 22 Feb 2024 Common Stock 13,999 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs') 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 RSU vesting.
F3 The RSUs were granted on February 22, 2023 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F4 Represents only the unvested portion of the RSUs granted on February 22, 2023 and does not include other RSUs with different vesting terms.