Executive Withholds 7,000 Shares of Golf Stock for Tax Obligations
Restricted stock units vested on August 26, triggering automatic tax withholding. Reed's direct holdings still expanded to 172,482 shares, now valued at $2.7 million.
Overview
Timothy R. Reed, EVP, Golf R&D, Strategy & Fit, reported the disposition of 7,011 shares of Callaway Golf Company (NYSE:CALY) common stock on Aug. 26, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($15.74); post-transaction value based on Aug. 26, 2026 market close ($15.74).
Details
Callaway Golf Company is a diversified leisure enterprise with $2.6 billion in TTM revenue and a market capitalization of $2.8 billion, positioning it as a significant player in the global golf and leisure equipment industry. The company's multi-segment strategy--combining traditional golf equipment manufacturing with the high-growth Topgolf entertainment platform--provides revenue diversification and exposure to both core golf and broader consumer leisure markets. With 28,000 employees and operations spanning multiple continents, Callaway leverages its established brand heritage and technological innovation to maintain competitive positioning in the consumer cyclical sector.
Source
Originally published at www.fool.com.