Oliver G. Brewer III Under A. - 17 Feb 2023 Form 4 Insider Report for Topgolf Callaway Brands Corp. (MODG)

Role
President and CEO, Director
Signature
/s/ Clinton Foss Attorney-in-Fact for Oliver G. Brewer III under a Limited Power of Attorney dated November 21, 2022.
Issuer symbol
MODG
Transactions as of
17 Feb 2023
Net transactions value
-$237,552
Form type
4
Filing time
17 Feb 2023, 17:25:28 UTC
Previous filing
14 Feb 2023
Next filing
23 Feb 2023
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 +19,058 $0.000000 19,058 17 Feb 2023 Direct F1
transaction MODG Common Stock Tax liability $237,552 -9,977 -52% $23.81 9,081 17 Feb 2023 Direct F2
transaction MODG Common Stock Gift $0 -9,081 -100% $0.000000* 0 17 Feb 2023 Direct
transaction MODG Common Stock Gift $0 +9,081 +1.2% $0.000000 792,995 17 Feb 2023 By Family Trust
holding MODG Common Stock 266,545 17 Feb 2023 By Family Trust for Spouse
holding MODG Common Stock 88,849 17 Feb 2023 By Family Trust for Son 1
holding MODG Common Stock 88,848 17 Feb 2023 By Family Trust for Son 2
holding MODG Common Stock 88,848 17 Feb 2023 By Family Trust for Son 3

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 -19,058 -33% $0.000000 38,115 17 Feb 2023 Common Stock 19,058 $0.000000 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs') convert into common stock on a one-for-one basis.
F2 Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
F3 The RSUs were granted on February 17, 2022 and vest in three equal annual installments beginning on the first anniversary of the grant date.
F4 Represents only the unvested portion of the RSUs granted on February 17, 2022 and does not include other RSUs with different vesting terms.