Callaway Golf director gets 1,906-share stock grant

A Callaway Golf Co director received stock in place of a quarterly cash retainer, modestly increasing his direct share holdings.

Rhea-AI Filing Summary

Callaway Golf Co (symbol: CALY) is the issuer of record for a Form 4 filing submitted to the SEC. FLEISCHER RUSSELL L reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co (CALY) reported that director Russell L. Fleischer received a grant of 1,906 shares of Common Stock on September 15, 2026. The shares were issued at no cash cost in lieu of the cash retainer under the non-employee director compensation program, bringing his direct holdings to 157,769 shares.

Insider Trade Summary

Grant/Award: 1,906 shares

Grant/Award 1 txn

Insider FLEISCHER RUSSELL L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,906	$0.00	$0.00

Holdings After Transaction: Common Stock — 157,769 shares (Direct)

Footnotes (1)

1. F1. 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 September 30, 2026.

Key Figures

Shares granted: 1,906 shares Price per share: $0.00 per share Shares held after transaction: 157,769 shares +2 more

5 metrics

Shares granted 1,906 shares Grant of Common Stock on September 15, 2026 in lieu of cash retainer

Price per share $0.00 per share Director share grant issued instead of cash compensation

Shares held after transaction 157,769 shares Director’s direct Common Stock holdings following the September 15, 2026 grant

Number of acquisition transactions 1 transaction Single grant, award, or other acquisition reported on this Form 4

Quarter covered by compensation Quarter ending September 30, 2026 Period for which the cash retainer was replaced with stock

Key Terms

non-employee director compensation program, cash retainer, grant, award, or other acquisition

3 terms

non-employee director compensation program financial

"under the issuers non-employee director compensation program for the quarter"

cash retainer financial

"shares were issued in lieu of the cash retainer otherwise payable"

grant, award, or other acquisition financial

"transaction is classified as a grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Callaway Golf Co reported that director Russell L. Fleischer received a grant of 1,906 shares of Common Stock on September 15, 2026, classified as a grant, award, or other acquisition of shares.

At what price were the CALY shares granted to the director?

The 1,906 shares of Callaway Golf Co Common Stock were issued at a stated price of $0.00 per share, because they were provided in lieu of a cash retainer owed under the non-employee director compensation program.

Why did Callaway Golf Co issue shares to the director instead of cash?

The filing states that the shares were issued in lieu of the cash retainer otherwise payable to Russell L. Fleischer under Callaway Golf Co’s non-employee director compensation program for the quarter ending September 30, 2026.

How many CALY shares does Russell L. Fleischer hold after this transaction?

After receiving the grant of 1,906 shares, director Russell L. Fleischer directly holds a total of 157,769 shares of Callaway Golf Co Common Stock, as reported in the Form 4.

Was this CALY director stock grant made under a Rule 10b5-1 trading plan?

No. The Rule 10b5-1 checkbox is marked in a way that indicates no Rule 10b5-1 trading plan applies to this reported transaction; it reflects routine non-employee director compensation instead.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 04:04 PM Accepted by SEC EDGAR 09/16/2026 - 04:03 PM Learn about SEC filing dates

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 CALIFORNIA 92008

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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

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

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

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	09/15/2026		A		1,906(1)	A	$0	157,769	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 September 30, 2026.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Russell L. Fleischer under a Limited Power of Attorney dated December 9, 2023.	09/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)