Oliver G. Brewer III Under A. - 08 Feb 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.
Issuer symbol
MODG
Transactions as of
08 Feb 2022
Net transactions value
-$490,032
Form type
4
Filing time
10 Feb 2022, 17:53:21 UTC
Previous filing
06 Dec 2021
Next filing
14 Feb 2022
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 +36,938 $0.000000 36,938 08 Feb 2022 Direct F1, F2
transaction MODG Common Stock Tax liability $490,032 -19,985 -54% $24.52 16,953 08 Feb 2022 Direct F3
transaction MODG Common Stock Gift $0 -16,953 -100% $0.000000* 0 08 Feb 2022 Direct
transaction MODG Common Stock Gift $0 +16,953 +3.8% $0.000000 468,306 08 Feb 2022 By Family Trust
holding MODG Common Stock 266,545 08 Feb 2022 By Family Trust for Spouse
holding MODG Common Stock 88,849 08 Feb 2022 By Family Trust for Son 1
holding MODG Common Stock 88,848 08 Feb 2022 By Family Trust for Son 2
holding MODG Common Stock 88,848 08 Feb 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 -36,938 -100% $0.000000* 0 08 Feb 2022 Common Stock 36,938 $0.000000 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.