Joseph B. Flannery - Feb 12, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
EVP, Apparel & Soft Goods
Signature
/s/ Sarah Kim Attorney-in-Fact for Joseph B. Flannery under a Limited Power of Attorney dated February 21, 2020.
Stock symbol
MODG
Transactions as of
Feb 12, 2022
Transactions value $
-$25,693
Form type
4
Date filed
2/14/2022, 03:36 PM
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +2.74K +129.44% $0.00 4.85K Feb 12, 2022 Direct F1, F2
transaction MODG Common Stock Tax liability -$25.7K -1.12K -23.12% $22.92 3.73K Feb 12, 2022 Direct F3

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 -2.74K -33.34% $0.00 5.47K Feb 12, 2022 Common Stock 2.74K $0.00 Direct F2, F4, F5, F6
* 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 Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").
F5 The RSUs were granted on February 12, 2021 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F6 Represents only the unvested portion of the RSUs granted on February 12, 2021 and does not include other RSUs with different vesting terms.