Acushnet Insider Activity: Roland Giroux Receives Dividend-Linked Shares

Rhea-AI Filing Summary

Form 4 overview: On 06/20/2025, Acushnet Holdings Corp. (ticker: GOLF) insider Roland A. Giroux, Executive Vice President, Chief Legal Officer and Corporate Secretary, reported a routine acquisition of common stock arising from dividend equivalent rights on previously granted restricted and performance stock units under the company’s deferred-compensation plan.

Key details

• Shares acquired: 162.72
• Average price: $71.22 per share
• Total beneficial ownership after transaction: 61,572.135 common shares, held directly
• No derivative securities were reported as bought or sold in this filing

The transaction reflects the automatic accrual of dividends on deferred equity awards and does not involve discretionary buying or selling by the insider. Given the small size (≈0.26% of Giroux’s holdings and immaterial relative to Acushnet’s ~67 million shares outstanding), the market impact is expected to be minimal. However, continued accumulation can signal long-term alignment between management and shareholders.

Insights

Equity Compensation Analyst

TL;DR: Routine dividend-equivalent accrual; minimal market impact.

The filing shows a standard crediting of 162.72 shares from dividend equivalents tied to outstanding restricted and performance stock units. Such credits occur each quarter when the company pays its dividend and therefore are non-volitional. The insider’s ownership rises to 61,572 shares, reinforcing continued alignment but adding less than US$12,000 in market value—negligible versus Acushnet’s US$4 billion capitalization. No open-market buying signal or derivative activity is present. I classify the disclosure as neutral and not materially impactful to valuation.

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^*

Giroux Roland A

(Last) (First) (Middle)

C/O ACUSHNET HOLDINGS CORP.

333 BRIDGE STREET

(Street)

FAIRHAVEN MA 02719

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Acushnet Holdings Corp. [ GOLF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025

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	06/20/2025		A		162.72(1)	A	$71.22	61,572.135	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. Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted and performance stock units under the Issuer's deferred compensation plan.

Remarks:

Title: Executive Vice President, Chief Legal Officer and Corporate Secretary

	/s/ Chad M. Van Ess, as attorney-in-fact	06/24/2025
	** 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.

FAQ

How many GOLF shares did EVP Roland Giroux acquire on 06/20/2025?

He received 162.72 shares through dividend-equivalent rights.

What was the price associated with the acquired shares?

The credited shares were valued at $71.22 per share.

How many Acushnet (GOLF) shares does Giroux now own?

Following the transaction, Giroux beneficially owns 61,572.135 common shares.

Was this an open-market purchase by the insider?

No. The shares were automatically issued as dividend equivalent rights, not purchased on the open market.

Does the Form 4 indicate any derivative security transactions?

No. The filing shows no derivative securities acquired or disposed of.