Brian P. Lynch - 01 Aug 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.
Issuer symbol
MODG
Transactions as of
01 Aug 2022
Net transactions value
-$488,394
Form type
4
Filing time
02 Aug 2022, 19:08:34 UTC
Previous filing
15 Mar 2022
Next filing
05 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +39,371 +138% $0.000000 67,958 01 Aug 2022 Direct F1, F2
transaction MODG Common Stock Tax liability $488,394 -21,253 -31% $22.98 46,705 01 Aug 2022 Direct F3
holding MODG Common Stock 36,575 01 Aug 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 -39,372 -100% $0.000000* 0 01 Aug 2022 Common Stock 39,372 $0.000000 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.