Callaway director granted 8,181 RSUs

THORNLEY ANTHONY S reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

THORNLEY ANTHONY S reported acquisition or exercise transactions in this Form 4 filing.

Callaway Golf Co director Anthony S. Thornley received a grant of 8,181 Restricted Stock Units. Each RSU represents a contingent right to receive one share of common stock, granted at no cash cost. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date. Following this grant, Thornley holds 8,181 RSUs under these specific vesting terms, separate from any other RSU awards.

Insider Trade Summary

Grant/Award: 8,181 shares

Grant/Award 1 txn

Insider THORNLEY ANTHONY S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	8,181	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 8,181 contracts (Direct)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock.
2. F2. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date.
3. F3. Represents only the RSUs granted on May 21, 2026 and does not include RSUs with different vesting terms.

Key Figures

RSUs granted: 8,181 units Grant price per RSU: $0.00 per unit RSUs vesting schedule: 100% after one year +2 more

5 metrics

RSUs granted 8,181 units Restricted Stock Units granted on May 21, 2026

Grant price per RSU $0.00 per unit Compensation-related equity award, not a market purchase

RSUs vesting schedule 100% after one year Vest in full on first anniversary of May 21, 2026 grant

RSUs underlying shares 8,181 shares Each RSU represents one share of common stock

RSUs held after grant 8,181 units Total RSUs from this grant following the reported transaction

Key Terms

Restricted Stock Units, contingent right, vest in full, underlying security

4 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

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

vest in full financial

"The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date."

underlying security financial

"underlying_security_title: "Common Stock", underlying_security_shares: "8181.0000""

FAQ

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

What did Callaway Golf Co director Anthony Thornley report in this Form 4 for CALY?

Anthony S. Thornley reported receiving 8,181 Restricted Stock Units as an equity grant. These RSUs were awarded on May 21, 2026, at no cash cost, and each unit represents a contingent right to one share of Callaway Golf common stock upon vesting.

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

The director received 8,181 Restricted Stock Units in this transaction. This grant increases his RSU holdings under these terms to 8,181 units, each convertible into one common share when vested, aligning part of his compensation with Callaway Golf’s stock performance.

When do Anthony Thornley’s new RSUs in Callaway Golf (CALY) vest?

The RSUs granted to Anthony Thornley vest in full on the first anniversary of the May 21, 2026 grant date. Once vested, each unit can settle into one share of Callaway Golf common stock, subject to any applicable company procedures and plan rules.

Did the Callaway Golf (CALY) director pay anything for the 8,181 RSUs?

No cash was paid for these 8,181 Restricted Stock Units; they were granted at a price of $0.00 per unit. This indicates a compensation-related equity award rather than an open-market purchase, consistent with typical director stock-based compensation practices.

What does each Restricted Stock Unit represent for Callaway Golf (CALY)?

Each Restricted Stock Unit represents a contingent right to receive one share of Callaway Golf common stock. The units convert into shares after vesting, linking the director’s compensation to future stock value instead of immediate cash payment, as described in the filing’s footnotes.

Is this Callaway Golf (CALY) Form 4 transaction a market buy or sell?

This transaction is an equity grant, not a market buy or sell. The filing characterizes it as a grant or award acquisition of 8,181 RSUs, with no purchase or sale of shares on the open market involved in this specific report.

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

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Accepted by SEC EDGAR 05/21/2026 - 04:43 PM EDT 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^*

THORNLEY ANTHONY S

(Last) (First) (Middle)

2180 RUTHERFORD ROAD

(Street)

CARLSBAD CALIFORNIA 92008-8815

(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)
05/21/2026

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

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)	05/21/2026		A		8,181		(2)	(2)	Common Stock	8,181	$0	8,181(3)	D

Explanation of Responses:

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

2. The RSUs were granted on May 21, 2026 and vest in full on the first anniversary of the grant date.

3. Represents only the RSUs granted on May 21, 2026 and does not include RSUs with different vesting terms.

Remarks:

	/s/ Clinton Foss Attorney-in-Fact for Anthony S. Thornley under a Limited Power of Attorney dated December 8, 2023.	05/21/2026
	** 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)