Brian P. Lynch Under A. - 22 Feb 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.
Issuer symbol
MODG
Transactions as of
22 Feb 2025
Net transactions value
-$35,415
Form type
4
Filing time
25 Feb 2025, 16:22:48 UTC
Previous filing
18 Feb 2025
Next filing
10 Mar 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 +9,332 +4.8% $0.000000 204,839 22 Feb 2025 Direct F1, F2
transaction MODG Common Stock Tax liability $35,415 -5,052 -2.5% $7.01 199,787 22 Feb 2025 Direct F3
holding MODG Common Stock 36,575 22 Feb 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 -9,332 -50% $0.000000 9,332 22 Feb 2025 Common Stock 9,332 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.