Glenn F. Hickey - Feb 12, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
EVP, Callaway Golf
Signature
/s/ Sarah Kim Attorney-in-Fact for Glenn F. Hickey under a Limited Power of Attorney dated February 1, 2019.
Stock symbol
MODG
Transactions as of
Feb 12, 2022
Transactions value $
-$76,415
Form type
4
Date filed
2/14/2022, 03:37 PM
Previous filing
Feb 10, 2022
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 +3.47K +18.29% $0.00 22.4K Feb 12, 2022 Direct F1, F2
transaction MODG Common Stock Tax liability -$42.6K -1.86K -8.27% $22.92 20.6K Feb 12, 2022 Direct F3
transaction MODG Common Stock Options Exercise $0 +2.74K +13.28% $0.00 23.3K Feb 12, 2022 Direct F2, F4
transaction MODG Common Stock Tax liability -$33.9K -1.48K -6.33% $22.92 21.8K 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 -3.47K -50.01% $0.00 3.47K Feb 12, 2022 Common Stock 3.47K $0.00 Direct F1, F2, F5, F6
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, F7, F8
* 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 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, 2020 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, 2020 plus the number of shares of common stock accrued with respect to such unvested portion of the RSUs as a result of dividend equivalent rights to be paid by the Company pursuant to the terms of the award and does not include other RSUs with different vesting terms.
F7 The RSUs were granted on February 12, 2021 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F8 Represents only the unvested portion of the RSUs granted on February 12, 2021 and does not include other RSUs with different vesting terms.