Director at Callaway Golf (CALY) receives stock retainer grant

Rhea-AI Filing Summary

FLEISCHER RUSSELL L reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co director Russell L. Fleischer received a stock award of 2,149 shares of common stock. The shares were issued in lieu of the cash retainer under the company’s non-employee director compensation program for the quarter ending March 31, 2026.

Following this non-cash grant, Fleischer directly holds 135,633 shares of Callaway Golf common stock. This is a routine compensation award rather than an open-market purchase or sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider FLEISCHER RUSSELL L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,149	$0.00	--

Holdings After Transaction: Common Stock — 135,633 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FLEISCHER RUSSELL L

(Last) (First) (Middle)

2180 RUTHERFORD ROAD

(Street)

CARLSBAD CA 92008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Callaway Golf Co [ CALY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/15/2026		A		2,149(1)	A	$0	135,633	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were issued in lieu of the cash retainer otherwise payable to the reporting person under the issuers non-employee director compensation program for the quarter ending March 31, 2026.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Russell L. Fleischer under a Limited Power of Attorney dated December 9, 2023.	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Callaway Golf (CALY) report for Russell L. Fleischer?

Callaway Golf reported a stock award to director Russell L. Fleischer. He acquired 2,149 shares of common stock as part of his non-employee director compensation, issued instead of a cash retainer for the quarter ending March 31, 2026.

How many Callaway Golf (CALY) shares did Russell L. Fleischer receive and at what price?

Russell L. Fleischer received 2,149 shares at a reported price of $0.00. The zero price reflects a compensation grant, not a market trade, with shares issued in lieu of a cash retainer under the director compensation program.

Why did Callaway Golf (CALY) issue shares to Russell L. Fleischer instead of cash?

The shares were issued in lieu of a cash retainer. Callaway Golf’s non-employee director compensation program allows directors to receive their quarterly retainer as common stock, aligning director compensation partly with shareholder equity performance.

What is Russell L. Fleischer’s Callaway Golf (CALY) shareholding after this Form 4 transaction?

After the grant, Russell L. Fleischer holds 135,633 shares. These are reported as directly owned common shares following the award of 2,149 shares under the non-employee director compensation program for the quarter ending March 31, 2026.

Does Russell L. Fleischer’s Callaway Golf (CALY) Form 4 reflect a market buy or sell?

The Form 4 reflects a grant, not a market transaction. The transaction code “A” and $0.00 per-share price indicate a grant or award of 2,149 shares as compensation, rather than an open-market purchase or sale.