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.
In a recent SEC Form 4 filing, Timothy R. Reed, Executive Vice President of Golf R&D, Strategy & Fit at Callaway Golf Company, disclosed the sale of 7,011 shares of the company's common stock. The transaction, valued at $15.74 per share based on the SEC Form 4 weighted average sale price, resulted in a post-transaction value of $15.74 per share, as reflected in the Aug.
26, 2026 market close. Callaway Golf Company, a diversified leisure enterprise, reported $2.6 billion in trailing twelve months revenue and holds a market capitalization of $2.8 billion, making it a major player in the global golf and leisure equipment industry. With 28,000 employees and operations in multiple continents, the company utilizes its established brand and technological innovation to maintain a competitive edge in the consumer cyclical sector.
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