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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 60.71 | $82.45 | $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 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 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.
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..