BREWER OLIVER G III 4

What Happened

• Oliver G. Brewer III, President, CEO and a director of Callaway Golf Company (CALY), received a grant of 202,703 restricted stock units (RSUs) on February 24, 2026. The Form 4 reports the RSUs at $0.00 per share (no cash changed hands on the grant). This is an equity award (transaction code A), not a purchase or sale of existing shares.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Grant: 202,703 RSUs; reported price: $0.00 (typical reporting for RSU grants—no cash paid).
• Vesting: RSUs vest in three equal annual installments beginning on the first anniversary of the grant (per footnote).
• Footnotes: (1) Each RSU equals a contingent right to one share of common stock; (2) grant date and vesting schedule noted above; (3) this figure represents only the RSUs granted on 2/24/2026 and excludes other RSUs with different vesting terms.
• Shares owned after transaction: not specified in the provided Form 4 details.

Context

• RSUs are a deferred equity award: they do not represent immediately tradable shares until they vest and are settled. No options were exercised and no open-market buying or selling occurred in this filing.
• Such awards are compensation-related and common for executives; they do not by themselves indicate an immediate trading intent or market sentiment.