Oliver G. Brewer III - Feb 17, 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.
Stock symbol
MODG
Transactions as of
Feb 17, 2023
Transactions value $
-$237,552
Form type
4
Date filed
2/17/2023, 05:25 PM
Previous filing
Feb 14, 2023
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Options Exercise $0 +19.1K $0.00 19.1K Feb 17, 2023 Direct F1
transaction MODG Common Stock Tax liability -$238K -9.98K -52.35% $23.81 9.08K Feb 17, 2023 Direct F2
transaction MODG Common Stock Gift $0 -9.08K -100% $0.00* 0 Feb 17, 2023 Direct
transaction MODG Common Stock Gift $0 +9.08K +1.16% $0.00 793K Feb 17, 2023 By Family Trust
holding MODG Common Stock 267K Feb 17, 2023 By Family Trust for Spouse
holding MODG Common Stock 88.8K Feb 17, 2023 By Family Trust for Son 1
holding MODG Common Stock 88.8K Feb 17, 2023 By Family Trust for Son 2
holding MODG Common Stock 88.8K Feb 17, 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 -19.1K -33.33% $0.00 38.1K Feb 17, 2023 Common Stock 19.1K $0.00 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.