Callaway Golf (CALY) SVP receives 7,797 restricted stock units in equity grant

Rhea-AI Filing Summary

Thomas Jennifer L. reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co reported that executive Jennifer L. Thomas, SVP and Chief Accounting Officer, received a grant of 7,797 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents a contingent right to receive one share of common stock at no purchase price.

The RSUs vest in three equal annual installments, beginning on the first anniversary of the grant date, aligning her compensation with longer-term company performance. The reported holding reflects only this new grant and excludes other RSUs with different vesting terms.

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

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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^*

Thomas Jennifer 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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

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
Restricted Stock Units	(1)	02/24/2026		A		7,797		(2)	(2)	Common Stock	7,797	$0	7,797(3)	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSUs") represents a contingent right to receive one share of common stock.

2. The RSUs were granted on February 24, 2026 and vest in three equal annual installments beginning on the first anniversary of the grant date.

3. Represents only the RSUs granted on February 24, 2026 and does not include RSUs with different vesting terms.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Jennifer L. Thomas under a Limited Power of Attorney dated November 30, 2023.	02/26/2026
	** 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).
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FAQ

What insider transaction did Callaway Golf (CALY) report for Jennifer L. Thomas?

Callaway Golf reported that SVP and Chief Accounting Officer Jennifer L. Thomas received a grant of 7,797 Restricted Stock Units. These RSUs were awarded on February 24, 2026, as part of her equity compensation and represent a contingent right to receive common stock.

How many Restricted Stock Units were granted to the Callaway Golf (CALY) executive?

Jennifer L. Thomas was granted 7,797 Restricted Stock Units. After this grant, the reported RSU balance in the filing reflects only these 7,797 units, which are separate from any other RSUs she may hold with different vesting schedules or prior grants.

When do the newly granted RSUs at Callaway Golf (CALY) begin vesting?

The RSUs granted on February 24, 2026 begin vesting one year later. They vest in three equal annual installments, starting on the first anniversary of the grant date, creating a multi-year incentive structure tied to continued service and long-term company performance.

What does each Callaway Golf (CALY) Restricted Stock Unit represent in this Form 4?

Each Restricted Stock Unit represents a contingent right to receive one share of Callaway Golf common stock. The units do not deliver shares immediately; instead, shares are issued as the RSUs vest over time in accordance with the grant’s three-year vesting schedule.

Is the 7,797 RSU figure for Callaway Golf (CALY) the executive’s total equity holding?

No, the 7,797 figure represents only the RSUs granted on February 24, 2026. The footnote explains this number excludes any other RSUs Jennifer L. Thomas may hold that have different vesting terms or were granted on earlier dates.

What is the transaction code used in the Callaway Golf (CALY) Form 4 for this grant?

The transaction uses code “A,” indicating a grant, award, or other acquisition of derivative securities. In this case, it reflects the company awarding 7,797 Restricted Stock Units to executive Jennifer L. Thomas as part of her equity-based compensation package.