Callaway Golf (CALY) CEO granted 202,703 RSUs in new equity award

Rhea-AI Filing Summary

BREWER OLIVER G III reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co President and CEO Oliver G. Brewer III received a grant of 202,703 Restricted Stock Units (RSUs) on February 24, 2026. Each RSU represents a contingent right to receive one share of Callaway common stock.

The RSUs vest in three equal annual installments, starting on the first anniversary of the grant date, meaning the award vests over three years. The reported amount reflects only this specific grant and excludes any other RSUs he holds 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^*

BREWER OLIVER G III

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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		202,703		(2)	(2)	Common Stock	202,703	$0	202,703(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 Oliver G. Brewer III 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.
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FAQ

What insider transaction did Callaway Golf Co (CALY) report for Oliver G. Brewer III?

Callaway Golf Co reported that President and CEO Oliver G. Brewer III received a grant of 202,703 Restricted Stock Units. These units are part of his equity compensation and give him the right to receive the same number of Callaway common shares over time.

How many Restricted Stock Units did the Callaway Golf (CALY) CEO receive?

The Callaway Golf CEO received 202,703 Restricted Stock Units. Each unit represents a right to one share of common stock, giving him potential future ownership of 202,703 shares, subject to the vesting schedule and continued service conditions described in the filing.

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

Each Restricted Stock Unit represents a contingent right to receive one share of Callaway Golf common stock. This means the CEO will receive actual shares as the RSUs vest over time, provided the vesting conditions, including continued service, are satisfied according to the award terms.

When do the Callaway Golf (CALY) CEO’s 2026 RSU grants vest?

The RSUs granted on February 24, 2026 vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, then continues annually for two more years, aligning the CEO’s long-term incentives with multi-year company performance and service.

Does the reported RSU number include all of the Callaway Golf (CALY) CEO’s equity awards?

No, the reported 202,703 RSUs only represent the specific grant made on February 24, 2026. The filing notes that this figure excludes any other RSUs held by the CEO that have different vesting terms or were granted under prior awards.

Was the Callaway Golf (CALY) CEO’s RSU grant a purchase or an award?

The RSU transaction is classified as a grant or award acquisition, not an open-market purchase. The Form 4 uses transaction code “A,” indicating a grant, and reports a price of 0.0000 per unit, consistent with stock-based compensation rather than a cash share purchase.