Brian P. Lynch - Aug 1, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
EVP, CFO
Signature
/s/ Sarah Kim Attorney-in-Fact for Brian P. Lynch under a Limited Power of Attorney dated February 1, 2019.
Stock symbol
MODG
Transactions as of
Aug 1, 2022
Transactions value $
-$488,394
Form type
4
Date filed
8/2/2022, 07:08 PM
Previous filing
Mar 15, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +39.4K +137.72% $0.00 68K Aug 1, 2022 Direct F1, F2
transaction MODG Common Stock Tax liability -$488K -21.3K -31.27% $22.98 46.7K Aug 1, 2022 Direct F3
holding MODG Common Stock 36.6K Aug 1, 2022 By Family Trust

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 -39.4K -100% $0.00* 0 Aug 1, 2022 Common Stock 39.4K $0.00 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 August 1, 2017 and vested on August 1, 2022.