Callaway Golf Co (CALY) CFO RSUs vest; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Callaway Golf Co EVP and CFO Brian P. Lynch reported the vesting of 9,332 restricted stock units, which converted one-for-one into common shares. To cover taxes on this vesting, 5,038 shares of common stock were withheld by the company at $14.60 per share.
After these transactions, Lynch holds 264,370 shares of Callaway Golf common stock directly and an additional 36,575 shares indirectly through a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,332 shares exercised/converted
Mixed
4 txns
Insider
Lynch Brian P.
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,332 | $0.00 | -- |
| Exercise | Common Stock | 9,332 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,038 | $14.60 | $74K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 269,408 shares (Direct);
Common Stock — 36,575 shares (Indirect, By Family Trust)
Footnotes (1)
- Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs"). RSUs convert into common stock on a one-for-one basis. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting. The RSUs were granted on February 22, 2023 and vest in three equal annual installments beginning on the first anniversary of the grant date. Represents only the RSUs granted on February 22, 2023 and does not include RSUs with different vesting terms.
FAQ
What insider transaction did Callaway Golf Co (CALY) report for Brian P. Lynch?
Callaway Golf Co reported that EVP and CFO Brian P. Lynch had 9,332 restricted stock units vest and convert into common shares. The company also withheld 5,038 shares to satisfy tax obligations related to this RSU vesting.
How many Callaway Golf Co (CALY) RSUs vested for Brian P. Lynch?
Brian P. Lynch had 9,332 restricted stock units vest, converting into 9,332 shares of Callaway Golf common stock. These RSUs were originally granted on February 22, 2023 and vest in three equal annual installments beginning on the first anniversary.
What are the vesting terms of Brian P. Lynch’s Callaway Golf Co (CALY) RSUs?
The RSUs underlying this transaction were granted on February 22, 2023 and vest in three equal annual installments. Vesting begins on the first anniversary of the grant date and this Form 4 covers only that specific RSU grant.