Acushnet (NYSE: GOLF) director reports stock grant and major indirect stake
Rhea-AI Filing Summary
Yoon Yoon Soo (Gene) reported acquisition or exercise transactions in this Form 4 filing.
Acushnet Holdings Corp. director and 10% owner Yoon Yoon Soo (Gene) received 60.97 shares of common stock as a grant or award. The shares were credited at a reference price of $89.33 per share, bringing his directly held stake to 45,306.76 shares.
The award represents dividend equivalent rights that accrued on restricted stock units deferred under Acushnet’s deferred compensation plan. Separately, 29,523,653 shares are held indirectly through Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp., an entity with which Yoon is associated and over which he may be deemed to have voting and dispositive power, while disclaiming beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 60.97 | $89.33 | $5K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan. These shares are held directly by Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp. The reporting person is the Honorary Chairman of Misto Holdings Corp. and may be deemed to be the beneficial owner and have voting and dispositive power with respect to the shares held by Magnus Holdings Co., Ltd. The reporting person disclaims beneficial ownership over the shares of Issuer common stock held by Magnus Holdings Co., Ltd., except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did GOLF director Yoon Yoon Soo report?
What is the large indirect Acushnet stake linked to Yoon Yoon Soo?
Was the GOLF insider transaction an open-market buy or a compensation award?