Every Form 4 that Topgolf Callaway Brands Corp. (MODG) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MODG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MODG filings page.
Callaway Golf Co director Anthony S. Thornley increased his direct share holdings through RSU vesting. On May 29, 2026, 18,546 Restricted Stock Units converted into 18,546 shares of common stock on a one-for-one basis at no cash exercise price, as part of his equity compensation.
The RSUs were originally granted on May 29, 2025 and vested in full on the first anniversary of the grant date. Following this conversion, Thornley directly owns 107,330 shares of Callaway Golf Co common stock. No open-market purchases or sales were reported in this filing.
Callaway Golf Co director Linda B. Segre exercised restricted stock units into common shares as part of her equity compensation. On May 29, 2026, 18,546 RSUs converted into 18,546 shares of common stock on a one-for-one basis, from a grant made on May 29, 2025.
That grant vested in full on its first anniversary. Following the conversion, Segre directly holds 86,015 shares of Callaway Golf common stock, reflecting routine compensation-related equity rather than an open-market purchase or sale.
Callaway Golf Co director Adebayo O. Ogunlesi received 18,546 shares of Common Stock on conversion of previously granted Restricted Stock Units that vested on the first anniversary of their May 29, 2025 grant. Following the vesting, he holds 157,324 shares directly, plus 845,284 shares held jointly with his spouse and 100,000 shares held through Raynham I LLC, all as indirect ownership. No open-market purchases or sales were reported in this filing.
Callaway Golf Co director John F. Lundgren increased his direct stake through equity compensation. On May 29, he acquired 18,546 shares of common stock when an equal number of Restricted Stock Units (RSUs) vested and converted one-for-one into shares at no cost. These RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date. After the vesting and conversion, he directly holds 120,956 shares of Callaway Golf common stock, with no remaining RSUs from this specific grant.
Callaway Golf Co director Bavan Holloway reported the vesting of equity awards rather than an open-market trade. On May 29, 2026, Restricted Stock Units converted into 18,546 shares of common stock on a one-for-one basis. These RSUs were granted on May 29, 2025 and vested in full on their first anniversary. Following the conversion, Holloway holds 41,447 shares of Callaway Golf common stock directly.
Callaway Golf Co director Russell L. Fleischer exercised restricted stock units that vested into 18,546 shares of common stock. These RSUs were granted on May 29, 2025 and vested in full one year later on a one-for-one basis. After this compensation-related share issuance, Fleischer directly holds 154,179 common shares. The filing does not show any open-market sales or purchases, indicating a routine vesting and conversion of equity awards rather than a discretionary trade.
Callaway Golf Co director Varsha Rajendra Rao acquired 18,546 shares of common stock through the vesting of restricted stock units. The RSUs convert into common stock on a one-for-one basis. After this transaction, Rao directly holds 71,717 shares of Callaway Golf Co common stock.
The vested RSUs were originally granted on May 29, 2025 and were scheduled to vest in full on the date of the 2026 Annual Meeting of Shareholders. The filing shows a routine equity compensation event, with no open-market purchases or sales reported.
Callaway Golf Co director Erik J. Anderson reported the vesting of 18,546 Restricted Stock Units that converted into the same number of common shares. The RSUs convert into common stock on a one-for-one basis and were issued at a stated price of $0.00 per share.
Following this vesting, Anderson directly holds 39,153 shares of Callaway common stock. In addition, 580,459 shares are held by WestRiver Management LLC and 40,476 shares are held by Anderson Family Investments LLC, entities of which he is the sole manager; the filing states he may be deemed to beneficially own these securities but disclaims beneficial ownership except to the extent of his pecuniary interest.
SEGRE LINDA B reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director Linda B. Segre received a grant of 8,181 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Callaway common stock. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date. After this grant, Segre holds 8,181 RSUs directly under the terms described.
Ogunlesi Adebayo O. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director receives equity award. Director Adebayo O. Ogunlesi was granted 8,181 Restricted Stock Units, each representing a contingent right to receive one share of Callaway Golf common stock. The RSUs were granted on May 21, 2026 and vest in full one year after the grant date.
Mandel Mark D. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director Mark D. Mandel received a grant of 8,181 Restricted Stock Units. Each RSU represents a contingent right to receive one share of common stock. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date.
LUNDGREN JOHN F reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director John F. Lundgren received a grant of 8,181 Restricted Stock Units (RSUs). The RSUs were awarded on May 21, 2026 as equity compensation, not through an open-market purchase or sale.
Each RSU represents a contingent right to receive one share of Callaway common stock. The grant vests in full on the first anniversary of the grant date. Following this award, Lundgren holds 8,181 RSUs reported here, separate from any other RSUs with different vesting terms.
Holloway Bavan reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director Holloway Bavan received a grant of 8,181 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Callaway common stock at no purchase price.
The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date.
FLEISCHER RUSSELL L reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director Russell L. Fleischer received an equity award of 8,181 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of Callaway common stock. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date. Following this grant, Fleischer holds 8,181 RSUs from this award reported as directly owned.
Dundon Thomas G. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director and 10% owner Thomas G. Dundon received a grant of 8,181 Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of common stock. The RSUs were granted as compensation at no cash cost and vest in full on the first anniversary of the May 21, 2026 grant date. Following this award, Dundon holds 8,181 RSUs covered by this grant, separate from any RSUs with different vesting terms.
Callaway Golf director–related entities reported share sales. WestRiver Management, LLC, an entity associated with director Erik J. Anderson, sold a total of 100,000 shares of Callaway Golf common stock in open-market transactions at prices ranging from $15.735 to $17.540 per share.
After these sales, WestRiver Management, LLC held 580,459 shares indirectly. The filing also shows 40,476 shares held indirectly by Anderson Family Investments, LLC and 20,607 shares held directly by Anderson as of the reported date. Anderson disclaims beneficial ownership beyond his pecuniary interest.
Callaway Golf Co executive Mark F. Leposky reported routine equity compensation activity. On April 23, 2026, restricted stock units (RSUs) vested and converted into 6,243 shares of Callaway Golf common stock on a one-for-one basis. To cover tax withholding requirements, 3,096 of these shares were withheld by the company rather than sold in the open market. Following these transactions, Leposky directly holds 348,651 shares of Callaway Golf common stock.
Callaway Golf Co President and CEO Oliver G. Brewer III reported a series of bona fide gifts of common stock. On March 19, 2026, family-related entities transferred a total of 13,200 shares of Callaway Golf common stock for no consideration to various trusts for immediate family members as part of estate planning.
According to the disclosure, Mr. Brewer or his spouse serves as trustee of each recipient trust, so he retains beneficial ownership of the transferred shares. The transactions are all indirect, non-market gifts rather than open-market sales, and the filing also reflects substantial remaining indirect holdings in these family trusts after the transfers.
Rao Varsha Rajendra reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director receives stock compensation instead of cash. Non-employee director Varsha Rajendra Rao was granted 1,869 shares of Callaway Golf common stock on March 15, 2026. The shares were issued at no cost in lieu of the cash retainer for the quarter ending March 31, 2026, bringing Rao’s direct holdings to 53,171 shares.
Ogunlesi Adebayo O. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director Adebayo O. Ogunlesi received 2,056 shares of common stock as a grant under the company’s non‑employee director compensation program. The shares were issued in lieu of the cash retainer for the quarter ending March 31, 2026.
After this stock award, he holds 138,778 shares directly. He also has indirect holdings of 100,000 shares through Raynham I LLC, where he and his spouse are the sole members, and 845,284 shares held jointly with his spouse.
FLEISCHER RUSSELL L reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co director Russell L. Fleischer received a stock award of 2,149 shares of common stock. The shares were issued in lieu of the cash retainer under the company’s non-employee director compensation program for the quarter ending March 31, 2026.
Following this non-cash grant, Fleischer directly holds 135,633 shares of Callaway Golf common stock. This is a routine compensation award rather than an open-market purchase or sale.
Callaway Golf Co senior vice president and chief accounting officer Jennifer L. Thomas reported routine equity compensation activity involving restricted stock units (RSUs). On March 14, 2026, 5,682 RSUs converted into 5,682 shares of common stock on a one-for-one basis upon vesting. To cover tax withholding obligations related to this vesting, 2,407 common shares were withheld by the company at a price of $13.38 per share, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Thomas directly held 84,677 shares of common stock. The filing also shows 11,364 unvested RSUs remaining from a grant made on March 14, 2025, which vests in three equal annual installments beginning on the first anniversary of the grant date.
Callaway Golf Co executive Angela J. Deskins, EVP and Chief People Officer, reported the vesting of restricted stock units that converted into 2,526 shares of common stock on a one-for-one basis. To cover tax withholding related to this vesting, 899 shares were withheld by the company at a price of $13.38 per share, leaving Deskins with a modest net increase in directly held shares.
Following these transactions, Deskins directly owned 3,652 shares of common stock and held 5,050 unvested RSUs from a grant made on March 14, 2025, which vests in three equal annual installments beginning on the first anniversary of the grant date.
Callaway Golf Co executive Timothy R. Reed reported routine equity compensation activity involving restricted stock units and common stock. On March 14, he acquired 11,364 shares of common stock through the vesting and conversion of restricted stock units that convert into common stock on a one-for-one basis.
To satisfy tax withholding obligations tied to this RSU vesting, 6,135 shares of common stock were withheld by the company at a price of $13.38 per share, rather than sold on the open market. After these transactions, Reed directly held 166,505 shares of common stock and 22,727 unvested RSUs from this March 14, 2025 grant, which vests in three equal annual installments beginning on the first anniversary of the grant date.
Callaway Golf EVP and Chief Supply Chain Officer Mark F. Leposky reported vesting of restricted stock units that converted into 22,728 shares of common stock on a one-for-one basis. These shares came from RSUs granted on March 14, 2025, which vest in three equal annual installments.
To cover tax withholding obligations tied to this vesting, the company withheld 11,269 shares of common stock at a value of $13.38 per share, a tax-related disposition rather than an open-market sale. Following these transactions, Leposky directly holds 345,504 shares of Callaway Golf common stock. Footnotes indicate additional RSUs from the March 14, 2025 grant remain unvested.
Callaway Golf executive Glenn F. Hickey reported routine equity compensation activity. On March 14, 2026, 22,728 restricted stock units vested and converted into common stock on a one-for-one basis. The company withheld 12,269 shares at $13.38 per share to cover tax obligations.
After these transactions, Hickey holds 101,082 shares of common stock directly and 10,000 shares indirectly through a family trust. The RSU account shows 45,454 unvested restricted stock units remaining from the March 14, 2025 grant, alongside other RSUs with different vesting terms.
Callaway Golf EVP and CFO Brian P. Lynch reported routine equity compensation activity. On March 14, 2026, 34,091 restricted stock units vested and converted into the same number of shares of common stock. The company withheld 18,403 shares at $13.38 per share to cover tax obligations, rather than selling shares on the open market.
After these transactions, Lynch directly owns 280,058 shares of Callaway Golf common stock and indirectly holds 36,575 shares through a family trust. He also has 68,182 unvested RSUs remaining from a grant made on March 14, 2025, which vest in three equal annual installments starting on the first anniversary of that grant date.
Callaway Golf President and CEO Oliver G. Brewer III reported routine equity compensation and estate-planning moves. On March 14, 2026, 147,728 restricted stock units vested and converted into the same number of common shares on a one-for-one basis. The company withheld 77,336 shares at $13.38 per share to cover tax obligations, and the remaining 70,392 shares were transferred as a bona fide gift. Following these transactions, Brewer holds common stock indirectly through family trusts, including 1,083,135 shares by a family trust and additional blocks for his spouse and children.
Thomas Jennifer L. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co reported that executive Jennifer L. Thomas, SVP and Chief Accounting Officer, received a grant of 7,797 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents a contingent right to receive one share of common stock at no purchase price.
The RSUs vest in three equal annual installments, beginning on the first anniversary of the grant date, aligning her compensation with longer-term company performance. The reported holding reflects only this new grant and excludes other RSUs with different vesting terms.
Leposky Mark F reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co executive Mark F. Leposky, EVP and Chief Supply Chain Officer, reported receiving a grant of 37,423 Restricted Stock Units. Each RSU equals one share of common stock and was granted on February 24, 2026, vesting in three equal annual installments starting one year after the grant.
Hickey Glenn F. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co executive Glenn F. Hickey received an equity award of 37,423 Restricted Stock Units on February 24, 2026. Each RSU represents a contingent right to receive one share of Callaway common stock, with no cash price per unit.
The award vests in three equal annual installments, beginning on the first anniversary of the grant date. The reported holdings reflect only these 37,423 RSUs granted on February 24, 2026 and exclude any RSUs Hickey holds with different vesting terms.
Lynch Brian P. reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co executive vice president and CFO Brian P. Lynch received a grant of 62,371 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents the right to receive one share of common stock and vests in three equal annual installments starting on the first anniversary of the grant date.
BREWER OLIVER G III reported acquisition or exercise transactions in this Form 4 filing.
Callaway Golf Co President and CEO Oliver G. Brewer III received a grant of 202,703 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents a contingent right to receive one share of Callaway common stock.
The RSUs vest in three equal annual installments, starting on the first anniversary of the grant date, meaning the award vests over three years. The reported amount reflects only this specific grant and excludes any other RSUs he holds with different vesting terms.
Callaway Golf Co director Erik J. Anderson reported an indirect sale of company stock through an affiliated entity. On February 23, 2026, WestRiver Management, LLC, an entity for which Anderson is sole member and manager, sold 10,000 shares of Callaway Golf common stock at an average price of $13.822 per share in an open-market transaction, leaving 680,459 shares held indirectly through WestRiver Management.
Following this transaction, Anderson also reported 20,607 shares of Callaway Golf common stock held directly and 40,476 shares held indirectly through Anderson Family Investments, LLC. According to the filing, Anderson may be deemed to beneficially own the securities held by these entities, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
Callaway Golf Co senior vice president and chief accounting officer Jennifer L. Thomas reported the vesting of restricted stock units into 1,555 shares of common stock. These RSUs were granted on February 22, 2023 and vest in three equal annual installments beginning on the first anniversary of the grant date.
RSUs convert into common stock on a one-for-one basis. Of the vested shares, 757 shares of common stock were withheld by the company at $14.60 per share to satisfy tax withholding obligations. After these transactions, Thomas directly owned 81,402 shares of Callaway Golf common stock.
Callaway Golf Co executive Mark F. Leposky reported RSU vesting and related tax withholding. On February 22, he converted 6,221 restricted stock units into the same number of common shares at no exercise price. The company withheld 2,189 shares at $14.60 per share to cover taxes, leaving him with 334,045 common shares held directly.
Callaway Golf EVP & President, Callaway Sales, Glenn F. Hickey reported RSU vesting and related share withholding. On February 22, he exercised 6,221 restricted stock units, converting them into 6,221 shares of common stock on a one-for-one basis. To satisfy tax withholding on this vesting, 3,395 shares were disposed of at $14.60 per share. Following these transactions, he directly held 90,623 common shares, with an additional 10,000 shares held indirectly by a family trust. These RSUs were originally granted on February 22, 2023 and vest in three equal annual installments beginning on the first anniversary of the grant date.
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.
Callaway Golf Co director and CEO Oliver G. Brewer III reported equity award activity and related share dispositions. Restricted stock units covering 22,466 shares vested and converted into the same number of common shares on February 22, 2026. The company withheld 11,761 shares of common stock at $14.60 per share to cover tax obligations tied to this vesting, which is not an open-market sale. Brewer then transferred 10,705 common shares as a bona fide gift to a family trust, after which those shares are reported as indirectly owned. Additional indirect holdings are listed for family trusts for his spouse and three sons.
Callaway Golf Co director-linked entities reported stock sales. An entity associated with director Erik J. Anderson, WestRiver Management LLC, sold a total of 70,000 shares of Callaway Golf common stock in open-market transactions over three days at weighted-average prices of $13.43, $13.64, and $13.98 per share.
After these sales, WestRiver Management LLC held 690,459 shares. Additional holdings reported include 20,607 shares held directly by Anderson and 40,476 shares held through Anderson Family Investments, LLC. Anderson may be deemed to beneficially own these securities through these entities, while disclaiming beneficial ownership beyond his pecuniary interest.
Callaway Golf SVP and Chief Accounting Officer Jennifer L. Thomas reported equity compensation activity involving restricted stock units (RSUs). On February 6, 2026, 2,692 RSUs vested and converted into 2,692 shares of common stock at $0 per share, consistent with RSU terms.
The company withheld 1,310 shares at $15.01 per share to cover tax obligations related to the vesting. After these transactions, Thomas directly owned 80,604 shares of Callaway Golf common stock and held 2,692 unvested RSUs from a February 6, 2024 grant that vests in three equal annual installments.
PEP TG Investments LP, an entity associated with PEP TG Investments GP LLC and Michael Dominguez, sold 10,000,000 shares of Callaway Golf Company common stock in a Rule 144 transaction at $14.70 per share. Following this sale, the reporting group is shown as beneficially owning 11,175,226 shares. The filing reflects that PEP TG Investments LP holds the shares directly, while PEP TG Investments GP LLC and Michael Dominguez may be deemed to indirectly beneficially own them through their control relationships, but each disclaims beneficial ownership except to the extent of any pecuniary interest.
Topgolf Callaway Brands Corp. executive Rebecca Fine, EVP Global CPO, reported multiple restricted stock unit (RSU) vestings and related share withholdings on December 31, 2025. Several RSU grants vested and converted into common stock on a one-for-one basis, including tranches of 4,355, 16,152, 34,092 and 17,317 shares. In connection with these vestings, the company withheld 1,061, 3,934, 11,002 and 6,815 shares of common stock at $11.67 per share to cover tax obligations. Following all reported transactions, Fine directly holds 123,861 shares of Topgolf Callaway common stock. The filing notes that these vestings were accelerated or adjusted under the terms of her separation from the company, effective December 31, 2025.
Topgolf Callaway Brands Corp. director Varsha Rajendra Rao reported receiving 2,169 shares of common stock on December 15, 2025. The shares were issued at a stated price of $0 as part of the company’s non-employee director compensation program, in lieu of the cash retainer for the quarter ending December 31, 2025.
Following this equity grant, Rao beneficially owns 51,302 shares of Topgolf Callaway Brands common stock, held directly.
Topgolf Callaway Brands Corp. director Adebayo O. Ogunlesi reported receiving 2,386 shares of common stock on 12/15/2025. The shares were issued at $0 per share in lieu of the cash retainer otherwise payable under the company’s non-employee director compensation program for the quarter ending December 31, 2025.
After this stock grant, Ogunlesi directly beneficially owns 136,722 shares of Topgolf Callaway common stock. He also has indirect ownership of 100,000 shares through Raynham I LLC and 845,284 shares held with his spouse in joint tenancy with right of survivorship.
Topgolf Callaway Brands Corp. reported that director Russell L. Fleischer acquired 2,494 shares of common stock on December 15, 2025 at a price of $0 per share. Following this grant, he beneficially owns 133,484 shares held directly.
The shares were issued in lieu of the cash retainer that would otherwise have been payable to him under the company’s non-employee director compensation program for the quarter ending December 31, 2025.