Callaway Golf (CALY) EVP Hickey vests 22,728 RSUs, 12,269 shares withheld

Rhea-AI Filing Summary

Callaway Golf executive Glenn F. Hickey reported routine equity compensation activity. On March 14, 2026, 22,728 restricted stock units vested and converted into common stock on a one-for-one basis. The company withheld 12,269 shares at $13.38 per share to cover tax obligations.

After these transactions, Hickey holds 101,082 shares of common stock directly and 10,000 shares indirectly through a family trust. The RSU account shows 45,454 unvested restricted stock units remaining from the March 14, 2025 grant, alongside 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^*

Hickey Glenn F.

(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 & Pres., Callaway Sales

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		22,728(1)	A	$0(2)	113,351	D
Common Stock	03/14/2026		F		12,269(3)	D	$13.38	101,082	D
Common Stock								10,000	I	By Family Trust

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			22,728(1)	(4)	(4)	Common Stock	22,728	$0	45,454(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 Glenn F. Hickey under a Limited Power of Attorney dated November 30, 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).
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FAQ

What did Callaway Golf (CALY) executive Glenn F. Hickey report in this Form 4?

Glenn F. Hickey reported RSU vesting that converted 22,728 restricted stock units into Callaway Golf common shares. The company then withheld 12,269 shares at $13.38 per share to satisfy tax obligations related to this equity compensation event.

Were Glenn F. Hickey’s Callaway Golf (CALY) transactions open-market buys or sells?

The filing shows no open-market buys or sells. RSUs vested and converted into shares, and 12,269 shares were withheld by the company solely to cover tax liabilities, which is a non-market, compensation-related disposition rather than a discretionary sale.

How many Callaway Golf (CALY) shares does Glenn F. Hickey own after these transactions?

After the reported activity, Glenn F. Hickey holds 101,082 Callaway Golf common shares directly. He also has an additional 10,000 shares held indirectly through a family trust, providing a combined equity position across direct and indirect ownership categories.

What happens to Glenn F. Hickey’s restricted stock units in this Callaway Golf (CALY) filing?

In this filing, 22,728 RSUs vested and converted one-for-one into common stock. Following vesting, 45,454 RSUs from the March 14, 2025 grant remain unvested, with those units scheduled to vest in equal annual installments per the grant terms.

What tax-related transaction is disclosed for Glenn F. Hickey in Callaway Golf (CALY)’s Form 4?

The company withheld 12,269 shares of Callaway Golf common stock at $13.38 per share to satisfy tax withholding requirements tied to the RSU vesting. This withholding is recorded under transaction code F as a tax-liability settlement using shares.

When were the underlying Callaway Golf (CALY) RSUs granted and how do they vest?

The RSUs were granted on March 14, 2025 and vest in three equal annual installments starting on the first anniversary of the grant date. The filing notes that the remaining RSU figure reflects only the unvested portion of this specific grant.