Callaway Golf (CALY) EVP Angela Deskins reports RSU vesting and tax share withholding

Rhea-AI Filing Summary

Callaway Golf Co executive Angela J. Deskins, EVP and Chief People Officer, reported the vesting of restricted stock units that converted into 2,526 shares of common stock on a one-for-one basis. To cover tax withholding related to this vesting, 899 shares were withheld by the company at a price of $13.38 per share, leaving Deskins with a modest net increase in directly held shares.

Following these transactions, Deskins directly owned 3,652 shares of common stock and held 5,050 unvested RSUs from a grant made on March 14, 2025, which vests in three equal annual installments beginning on the first anniversary of the grant date.

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^*

Deskins Angela J.

(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)
	EVP, Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2026

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	03/14/2026		M		2,526(1)	A	$0(2)	4,551	D
Common Stock	03/14/2026		F		899(3)	D	$13.38	3,652	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
Restricted Stock Units	(2)	03/14/2026		M			2,526(1)	(4)	(4)	Common Stock	2,526	$0	5,050(5)	D

Explanation of Responses:

1. Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").

2. RSUs convert into common stock on a one-for-one basis.

3. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.

4. The RSUs were granted on March 14, 2025 and vest in three equal annual installments beginning on the first anniversary of the grant date.

5. Represents only the unvested portion of the RSUs granted on March 14, 2025 and does not include RSUs with different vesting terms.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Angela J. Deskins under a Limited Power of Attorney dated February 5, 2026.	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did CALY executive Angela Deskins report on this Form 4?

Angela Deskins reported RSU vesting that converted into 2,526 shares of Callaway Golf Co common stock. The RSUs convert on a one-for-one basis, reflecting routine equity compensation rather than an open-market share purchase or sale.

How many Callaway Golf (CALY) shares were withheld for taxes in this transaction?

The company withheld 899 shares of Callaway Golf common stock to satisfy tax withholding requirements. These shares were valued at $13.38 per share, and the withholding is a non-market tax payment, not a discretionary sale by the executive.

What are Angela Deskins’ Callaway Golf (CALY) share holdings after the reported transactions?

After the transactions, Angela Deskins directly held 3,652 shares of Callaway Golf common stock. This figure reflects the RSU vesting and tax-withholding shares, providing context on her ongoing equity stake in the company.

How many unvested RSUs does Angela Deskins hold in Callaway Golf (CALY)?

Deskins holds 5,050 unvested RSUs from a grant made on March 14, 2025. These restricted stock units represent additional potential future shares, subject to vesting conditions over the disclosed schedule.

What is the vesting schedule for Angela Deskins’ 2025 RSU grant at Callaway Golf (CALY)?

The RSUs granted on March 14, 2025 vest in three equal annual installments, beginning on the first anniversary of the grant date. This creates a multi-year equity incentive tied to continued service at Callaway Golf.

Was the CALY Form 4 transaction an open-market buy or sell of shares?

No, the Form 4 shows RSU vesting and tax withholding, not an open-market trade. Shares were issued upon vesting and some were withheld by the company to cover taxes, a standard compensation-related mechanism.