Oliver G. Brewer III - Feb 8, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
President and CEO, Director
Signature
/s/ Sarah Kim Attorney-in-Fact for Oliver G. Brewer III under a Limited Power of Attorney dated February 1, 2019.
Stock symbol
MODG
Transactions as of
Feb 8, 2022
Transactions value $
-$490,032
Form type
4
Date filed
2/10/2022, 05:53 PM
Previous filing
Dec 6, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +36.9K $0.00 36.9K Feb 8, 2022 Direct F1, F2
transaction MODG Common Stock Tax liability -$490K -20K -54.1% $24.52 17K Feb 8, 2022 Direct F3
transaction MODG Common Stock Gift $0 -17K -100% $0.00* 0 Feb 8, 2022 Direct
transaction MODG Common Stock Gift $0 +17K +3.76% $0.00 468K Feb 8, 2022 By Family Trust
holding MODG Common Stock 267K Feb 8, 2022 By Family Trust for Spouse
holding MODG Common Stock 88.8K Feb 8, 2022 By Family Trust for Son 1
holding MODG Common Stock 88.8K Feb 8, 2022 By Family Trust for Son 2
holding MODG Common Stock 88.8K Feb 8, 2022 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 -36.9K -100% $0.00* 0 Feb 8, 2022 Common Stock 36.9K $0.00 Direct F1, F2, F4
* 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") plus the number of shares of common stock accrued with respect to such vested portion of the RSUs as a result of dividend equivalent rights paid by the Company pursuant to the terms of the award. The number of shares reported on Table 1 does not include the fractional shares, which were paid in cash upon settlement.
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 8, 2019 and vest in three equal annual installments beginning on the first anniversary of the grant date. Therefore these RSUs have fully vested as of February 8, 2022.