4//SEC Filing
Arnett Richard H. 4
Accession 0001209191-19-006570
CIK 0000837465other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 6:00 PM ET
Size
17.2 KB
Accession
0001209191-19-006570
Insider Transaction Report
Form 4
Arnett Richard H.
SVP, Glb. Mktg. & Pres., OGIO
Transactions
- Award
Performance Stock Unit
2019-01-31+26,340→ 43,900 total→ Common Stock (26,340 underlying) - Award
Performance Stock Unit
2019-01-31+8,642→ 8,642 total→ Common Stock (8,642 underlying) - Award
Performance Stock Unit
2019-01-31+6,570→ 17,522 total→ Common Stock (6,570 underlying)
Footnotes (7)
- [F1]Each Performance Stock Unit represents a contingent right to receive one share of common stock, subject to the achievement of applicable performance criteria.
- [F2]The Reporting Person was granted a total of 21,950 target Performance Stock Units ("PSUs") on February 8, 2016, the vesting of which are subject to the achievement of certain performance criteria. The Reporting Person may be eligible to vest in up to 200% of such target PSUs during the three year period ended December 31, 2018. On January 31, 2019, the Compensation and Management Succession Committee of the Board of Directors determined that 200% of the target award was deemed to be achieved under the terms of the PSUs as a result of the Company's performance during 2016 - 2018. As a result, 26,340 of the PSUs converted to time-based units that will vest on the third anniversary of the grant date provided the Reporting Person remains employed by Callaway Golf Company through such date. The Reporting Person remains eligible to vest in the remaining PSUs subject to the terms of original award and the achievement of certain performance criteria.
- [F3]Represents 200% of the PSUs originally granted on February 8, 2016 for which the performance criteria was achieved on January 18, 2017; January 31, 2018; and January 31, 2019.
- [F4]The Reporting Person was granted a total of 21,903 target PSUs on February 6, 2017, the vesting of which are subject to the achievement of certain performance criteria. The Reporting Person may be eligible to vest in up to 200% of such target PSUs during the three year period ending December 31, 2019. On January 31, 2019, the Compensation and Management Succession Committee of the Board of Directors determined that 80% of the target award was deemed to be achieved under the terms of the PSUs as a result of the Company's performance during 2017 - 2018. As a result, 6,570 of the PSUs converted to time-based units that will vest on the third anniversary of the grant date provided the Reporting Person remains employed by Callaway Golf Company through such date. The Reporting Person remains eligible to vest in the remaining PSUs subject to the original award subject to the achievement of certain performance criteria.
- [F5]Represents only that portion of the PSUs originally granted on February 6, 2017 for which the performance criteria was achieved on January 31, 2018 and January 31, 2019, and does not include the other PSUs originally granted on such date or any other PSUs with different grant dates or vesting terms.
- [F6]The Reporting Person was granted a total of 17,284 target PSUs on February 9, 2018, the vesting of which are subject to the achievement of certain performance criteria. The Reporting Person may be eligible to vest in up to 200% of such target PSUs during the three year period ending December 31, 2020. On January 31, 2019, the Compensation and Management Succession Committee of the Board of Directors determined that 50% of the target award was deemed to be achieved under the terms of the PSUs as a result of the Company's performance during 2018. As a result, 8,642 of the PSUs converted to time-based units that will vest on the third anniversary of the grant date provided the Reporting Person remains employed by Callaway Golf Company through such date. The Reporting Person remains eligible to vest in the remaining PSUs subject to the original award subject to the achievement of certain performance criteria.
- [F7]Represents only that portion of the PSUs originally granted on February 9, 2018 for which the performance criteria was achieved on January 31, 2019, and does not include the other PSUs originally granted on such date or any other PSUs with different grant dates or vesting terms.
Issuer
CALLAWAY GOLF CO
CIK 0000837465
Entity typeother
Related Parties
1- filerCIK 0001696849
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 6:00 PM ET
- Size
- 17.2 KB