FLEISCHER RUSSELL L 4

What Happened

• Russell L. Fleischer, a director of Callaway Golf Co. (CALY), was issued 1,684 shares on June 15, 2026. The Form 4 reports the acquisition as an award (Code A) at $0.00 per share (total reported value $0), because the shares were issued in lieu of the cash retainer under the issuer’s non-employee director compensation program. This was a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-06-15 — 1,684 shares @ $0.00 (Award/Acquisition, Code A).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Shares were issued in lieu of the cash retainer otherwise payable to the reporting person under the issuer’s non-employee director compensation program for the quarter ending June 30, 2026.
• Filing timeliness: Report filed the same day (Period of Report 2026-06-15); no late filing indicated.

Context

• This is a routine director compensation issuance. Such awards compensate non-employee directors and do not necessarily indicate the director’s view of the company’s near-term prospects. The Form 4 reports $0 because the grant replaced a cash retainer; the market value of the shares at the time is not shown in the filing.