Executive Withholds Shares for Tax Obligations at Callaway Golf
Timothy R. Reed, Executive Vice President and Head of Golf R&D, Strategy & Fit at Callaway Golf Company (CALY), reported the withholding of 7,011 shares on August 26, 2026 to satisfy tax obligations arising from the vesting of restricted stock units granted a year earlier. The transaction was non-discretionary and did not involve direct selling by Reed. The withheld shares were valued at approximately $110,000 based on an average sale price of $15.74 per share. Following this event, Reed's total equity holdings in the company increased to 172,482 directly held shares, with a post-transaction value of around $2.7 million. Callaway Golf operates across three segments—Golf Equipment, Active Lifestyle apparel and accessories, and Topgolf entertainment venues—and reported TTM revenue of $2.6 billion as of the transaction date.
Topics: insider trading restricted stock units tax withholding