Acushnet increases structured repurchase from shareholder Magnus to $100M from $75M

Acushnet Holdings Corp.

Increased repurchase commitment from Magnus to $100M, up from $75M, under existing $450M authorization.
Repurchase is share-for-share with open market buys; price equals average price of open market purchases.
Agreement structured as Rule 10b5-1 plan; determination date by Jan 13, 2023 if $100M not reached earlier.
Magnus held 37,104,008 shares as of agreement date; sale conditioned on no material adverse effect.
Board authorized additional $100M on July 26, 2022, bringing total authorization to $450M.

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