Acushnet (NYSE: GOLF) CEO credited shares from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Acushnet Holdings Corp. reported that President and CEO David Eugene Maher acquired additional common stock through a compensation-related award. On the reported date, he received 1,968.92 shares as dividend equivalent rights tied to restricted and performance stock units under the company’s deferred compensation plan at a reference price of $107.09 per share. Following this award, he directly holds 931,741.59 shares of Acushnet common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Maher David Eugene
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,968.92 | $107.09 | $211K |
Holdings After Transaction:
Common Stock — 931,741.59 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares awarded: 1,968.92 shares
Reference price per share: $107.09 per share
Shares held after transaction: 931,741.59 shares
+2 more
5 metrics
Shares awarded
1,968.92 shares
Dividend equivalent rights on RSUs/PSUs
Reference price per share
$107.09 per share
Value used for reported stock award
Shares held after transaction
931,741.59 shares
Direct holdings following the award
Acquire transactions in filing
1 transaction
Form 4 transactionSummary acquireCount
Buy and sell transactions
0 buys, 0 sells
Form 4 transactionSummary
Key Terms
dividend equivalent rights, restricted stock units, performance stock units, deferred compensation plan, +1 more
5 terms
dividend equivalent rights financial
"Represents dividend equivalent rights in connection with the Issuer's quarterly dividend"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
restricted stock units financial
"accrued to the Reporting Person on restricted and performance stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"accrued to the Reporting Person on restricted and performance stock units"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
deferred compensation plan financial
"under the Issuer's deferred compensation plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Acushnet (GOLF) report for CEO David Maher?
Acushnet reported that CEO David Maher received 1,968.92 shares of common stock as a compensation-related award. These shares represent dividend equivalent rights on existing restricted and performance stock units under the company’s deferred compensation plan, not an open-market purchase or sale.
Was the Acushnet (GOLF) CEO’s Form 4 transaction a stock purchase or sale?
The Form 4 shows no open-market purchase or sale by the CEO. Instead, he acquired shares coded as a grant or award, reflecting dividend equivalent rights on restricted and performance stock units credited under Acushnet’s deferred compensation plan.
What does the dividend equivalent rights footnote mean in the Acushnet (GOLF) Form 4?
The footnote explains that the reported shares are dividend equivalent rights from Acushnet’s quarterly dividend. They accrued on the CEO’s restricted and performance stock units under the deferred compensation plan, effectively crediting him with additional common shares rather than cash.
How is the Acushnet (GOLF) CEO’s Form 4 transaction classified by the SEC code?
The transaction uses SEC code “A,” classified as a grant, award, or other acquisition. It reflects an acquisition related to the company’s compensation arrangements, not a discretionary market trade, and aligns with dividend equivalent rights on equity awards.