Sports entertainment, equipment and apparel stock Topgolf Callaway Brands surged on Monday after a high-profile corporate director bought shares in the company.

Shares rose almost 15%, hitting their highest level since May 13.

The moves comes after board member Adebayo Ogunlesi purchased about $2.5 million worth of shares last week, disclosed in a securities filing on Friday.

Purchases by corporate executives and directors can sometimes be seen as a vote of confidence in the company, and this purchase comes from an insider with the type of resume that Wall Street likes.

Ogunlesi is a founding partner and CEO of Global Infrastructure Partners, which was acquired by BlackRock last year in a $12 billion deal. Ogunlesi now serves on BlackRock’s board after that deal, and he also joined the

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