Acushnet Holdings (NYSE: GOLF) director, 10% owner reports stock accrual
Rhea-AI Filing Summary
Acushnet Holdings Corp. disclosed that a director and 10% owner reported an acquisition of 60.71 shares of common stock, described as dividend equivalent rights tied to restricted stock units deferred under the company’s deferred compensation plan. Following this transaction, the reporting person beneficially owns 45,245.79 shares of common stock directly and 29,523,653 shares indirectly through Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp. The reporting person is Chairman of Misto Holdings Corp. and disclaims beneficial ownership of the shares held by Magnus Holdings Co., Ltd. except to the extent of any pecuniary interest.
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FAQ
What insider transaction involving Acushnet Holdings Corp. (GOLF) was reported?
The filing reports that a director and 10% owner of Acushnet Holdings Corp. acquired 60.71 shares of common stock, representing dividend equivalent rights related to deferred restricted stock units under the company’s deferred compensation plan.
How many Acushnet Holdings Corp. (GOLF) shares does the insider own directly after the transaction?
After the reported transaction, the insider beneficially owns 45,245.79 shares of Acushnet Holdings Corp. common stock directly.
How many Acushnet Holdings Corp. (GOLF) shares are held indirectly for the reporting person?
The filing states that 29,523,653 shares of Acushnet Holdings Corp. common stock are held indirectly through Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp.
What is the nature of the 60.71 Acushnet (GOLF) shares acquired by the insider?
The 60.71 shares are described as dividend equivalent rights that accrued on restricted stock units deferred under Acushnet Holdings Corp.’s deferred compensation plan, rather than an open-market purchase.
What is the relationship between the reporting person, Misto Holdings Corp., and Magnus Holdings Co., Ltd. in the Acushnet (GOLF) filing?
The filing explains that the 29,523,653 shares are held by Magnus Holdings Co., Ltd., a subsidiary of Misto Holdings Corp.. The reporting person is the Chairman of Misto Holdings Corp. and may be deemed to have voting and dispositive power over those shares, but disclaims beneficial ownership except for any pecuniary interest.
What roles does the reporting person hold at Acushnet Holdings Corp. (GOLF)?
The reporting person is identified as both a Director and a 10% Owner of Acushnet Holdings Corp..