Rebecca Fine - Feb 25, 2022 Form 3 Insider Report for CALLAWAY GOLF CO (MODG)

Role
EVP, Chief People Officer
Signature
/s/ Sarah Kim Attorney-in-Fact for Rebecca Fine under a Limited Power of Attorney dated February 23, 2022.
Stock symbol
MODG
Transactions as of
Feb 25, 2022
Transactions value $
$0
Form type
3
Date filed
3/3/2022, 04:01 PM
Next filing
Mar 10, 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
holding MODG Incentive Stock Option (right to buy) Feb 25, 2022 Common Stock 13K $32.21 Direct F1
holding MODG Incentive Stock Option (right to buy) Feb 25, 2022 Common Stock 497 $35.14 Direct F2
holding MODG Non-Qualified Stock Option (right to buy) Feb 25, 2022 Common Stock 4.4K $35.14 Direct F2
holding MODG Incentive Stock Option (right to buy) Feb 25, 2022 Common Stock 4.56K $35.14 Direct F3
holding MODG Non-Qualified Stock Option (right to buy) Feb 25, 2022 Common Stock 10.5K $35.14 Direct F4
holding MODG Restricted Stock Units Feb 25, 2022 Common Stock 5.74K $0.00 Direct F5, F6
holding MODG Restricted Stock Units Feb 25, 2022 Common Stock 13.5K $0.00 Direct F5, F6
holding MODG Performance Stock Unit Feb 25, 2022 Common Stock 1.76K $0.00 Direct F7, F8
holding MODG Restricted Stock Units Feb 25, 2022 Common Stock 9.36K $0.00 Direct F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 9,763 shares subject to this stock option are fully vested as of the date hereof, and the remaining 3,254 shares vest on 1/1/2023.
F2 The stock option vested in full on this date.
F3 539 shares subject to this stock option are fully vested as of the date hereof, and the remaining shares vest as follows: 537 shares on 1/1/2023; and 3,479 shares on 1/1/2024.
F4 7,000 shares subject to this stock option are fully vested as of the date hereof, and the remaining shares vest as follows: 3,231 shares on 1/1/2023; and 289 shares on 1/1/2024.
F5 Each Restricted Stock Unit ("RSUs") represents a contingent right to receive one share of common stock.
F6 These RSUs are scheduled to vest as follows: 1/3 of the RSUs vest on 3/8/2022; 1/3 of the RSUs vest on 3/8/2023; and 1/3 of the RSUs vest on 3/8/2024.
F7 Each Performance Stock Unit ("PSUs") represents a contingent right to receive one share of common stock, subject to the achievement of applicable performance criteria.
F8 On March 8, 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.
F9 These RSUs are scheduled to vest as follows: 1/3 of the RSUs vest on 2/17/2023; 1/3 of the RSUs vest on 2/17/2024; and 1/3 of the RSUs vest on 2/17/2025.