STOCK TITAN

Callaway Golf Co (CALY) director adds 18,546 shares as RSUs fully vest

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Callaway Golf Co director Anthony S. Thornley increased his direct share holdings through RSU vesting. On May 29, 2026, 18,546 Restricted Stock Units converted into 18,546 shares of common stock on a one-for-one basis at no cash exercise price, as part of his equity compensation.

The RSUs were originally granted on May 29, 2025 and vested in full on the first anniversary of the grant date. Following this conversion, Thornley directly owns 107,330 shares of Callaway Golf Co common stock. No open-market purchases or sales were reported in this filing.

Positive

  • None.

Negative

  • None.
Insider THORNLEY ANTHONY S
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 18,546 $0.00 --
Exercise Common Stock 18,546 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 107,330 shares (Direct, null)
Footnotes (1)
  1. Represents the number of shares of common stock issued upon the vesting of Restricted Stock Units ("RSUs"). RSUs convert into common stock on a one-for-one basis. The RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date. Represents only the RSUs granted on May 29, 2025 and does not include RSUs with different vesting terms.
RSUs converted 18,546 shares Restricted Stock Units vesting into common stock on May 29, 2026
Post-transaction holdings 107,330 shares Director Anthony S. Thornley direct common stock ownership after vesting
RSU grant date May 29, 2025 Grant date for the RSUs that vested after one year
Conversion ratio 1 RSU : 1 share RSUs convert into common stock on a one-for-one basis
Exercise price $0.00 per share No cash exercise price for RSU conversion into common stock
Restricted Stock Units financial
"Represents the number of shares of common stock issued upon the vesting of Restricted Stock Units ("RSUs")."
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.
RSUs convert into common stock financial
"RSUs convert into common stock on a one-for-one basis."
vested in full financial
"The RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/29/2026M18,546(1)A$0(2)107,330D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)05/29/2026M18,546(1) (3) (3)Common Stock18,546$00(4)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. The RSUs were granted on May 29, 2025 and vested in full on the first anniversary of the grant date.
4. Represents only the RSUs granted on May 29, 2025 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, 2023.05/29/2026
** Signature of Reporting PersonDate
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)

FAQ

What did Callaway Golf Co (CALY) director Anthony S. Thornley report on this Form 4?

Anthony S. Thornley reported the vesting and conversion of 18,546 Restricted Stock Units into 18,546 shares of Callaway Golf Co common stock. This transaction increased his direct equity stake as part of his compensation, without involving any open-market purchases or sales.

How many Callaway Golf Co (CALY) shares did Anthony S. Thornley acquire through RSU vesting?

He acquired 18,546 shares of Callaway Golf Co common stock upon vesting of 18,546 Restricted Stock Units. The RSUs converted into common stock on a one-for-one basis, reflecting standard equity compensation rather than an open-market stock purchase.

What are the post-transaction holdings of Anthony S. Thornley in Callaway Golf Co (CALY)?

After the RSU vesting and share issuance, Anthony S. Thornley directly holds 107,330 shares of Callaway Golf Co common stock. This figure represents his updated direct ownership position as reported in the Form 4 filing following the May 29, 2026 transaction.

Were there any open-market stock purchases or sales by Anthony S. Thornley in this Callaway Golf Co (CALY) filing?

No open-market purchases or sales were reported. The Form 4 shows a derivative exercise/conversion transaction where Restricted Stock Units vested and automatically converted into common stock as equity compensation, with no reported buy or sell transactions in the market.

When were the Callaway Golf Co (CALY) RSUs granted and when did they vest for Anthony S. Thornley?

The Restricted Stock Units were granted on May 29, 2025, and vested in full on the first anniversary of the grant date. On May 29, 2026, those RSUs converted into an equal number of common shares according to the one-for-one conversion terms.

What does the one-for-one conversion of RSUs mean for Callaway Golf Co (CALY) shareholders?

A one-for-one conversion means each Restricted Stock Unit became one share of Callaway Golf Co common stock. For this filing, 18,546 RSUs turned into 18,546 shares, reflecting standard equity compensation mechanics disclosed for director Anthony S. Thornley.