FLEISCHER RUSSELL L 4

What Happened Russell L. Fleischer, a member of Callaway Golf Co.'s board (Director), was issued 2,149 shares on 2026-03-15 as an award (transaction code A). The shares were issued at an acquisition price of $0.00 because they were granted in lieu of the cash retainer otherwise payable for the quarter ending March 31, 2026. This is a compensation issuance to a non-employee director, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-15 (reported on Form 4 filed 2026-03-16)
• Transaction type/code: Award/Grant (A)
• Shares acquired: 2,149; Price per share: $0.00 (issued in lieu of cash)
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Shares issued instead of the cash retainer for the quarter ending Mar 31, 2026
• Filing timeliness: Report filed the next day (appears timely under Form 4 rules)

Context Non-employee directors commonly receive stock awards or share units as part of routine compensation, often issued in lieu of cash. Such awards are standard corporate practice and do not by themselves indicate the director is buying or selling based on a view of the company’s prospects. For valuation, investors can multiply the share count by Callaway’s market price on the grant date; the Form 4 itself records the issuance terms but not a cash cost because the award replaced a cash retainer.