Artie Starrs - Feb 12, 2023 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Signature
/s/ Clinton Foss Attorney-in-Fact for Artie Starrs under a Limited Power of Attorney dated November 22, 2022.
Stock symbol
MODG
Transactions as of
Feb 12, 2023
Transactions value $
$0
Form type
4
Date filed
2/14/2023, 03:37 PM
Previous filing
Apr 5, 2022
Next filing
Feb 17, 2023

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 +4.25K +60% $0.00 11.3K Feb 12, 2023 Common Stock 4.25K Direct F1, F2, F3
* 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.