Artie Starrs - Feb 17, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Signature
/s/ Sarah Kim Attorney-in-Fact for Artie Starrs under a Limited Power of Attorney dated March 18, 2021.
Stock symbol
MODG
Transactions as of
Feb 17, 2022
Transactions value $
$0
Form type
4
Date filed
2/22/2022, 04:03 PM
Next filing
Apr 5, 2022

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 Performance Stock Unit Award $0 +7.09K $0.00 7.09K Feb 17, 2022 Common Stock 7.09K Direct F1, F2, F3
transaction MODG Restricted Stock Units Award $0 +28.1K $0.00 28.1K Feb 17, 2022 Common Stock 28.1K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each PSU represents a contingent right to receive one share of common stock, subject to the achievement of applicable performance criteria.
F2 On April 5, 2021, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria. The number of shares reported represents the number of PSUs that were earned as a result of the achievement of such performance criteria. Such PSUs converted to time-based units that will vest on the third anniversary of the grant date subject to continued employment through such date.
F3 Represents the aggregate number of PSUs originally granted on April 5, 2021 that have been earned as a result of the achievement of the applicable performance criteria.
F4 Each Restricted Stock Unit ("RSUs") represents a contingent right to receive one share of common stock.
F5 These RSUs are scheduled to vest as follows: 1/3 of the RSUs vest on February 17, 2023; 1/3 of the RSUs vest on February 17, 2024; and 1/3 of the RSUs vest on February 17, 2025.
F6 Represents only the RSUs granted on February 17, 2022 and does not include RSUs with different vesting terms.