SEGRE LINDA B 4

What Happened

• Linda B. Segre, a director of Callaway Golf Co. (CALY), received an award of 8,181 restricted stock units (RSUs) on May 21, 2026. The Form 4 shows the RSUs as a derivative acquisition at $0.00 per unit (a non-cash grant). The award vests in full on the first anniversary of the grant date (May 21, 2027).

Key Details

• Transaction date: 2026-05-21; Acquisition type: Award/Grant (code A).
• Amount: 8,181 RSUs; reported price: $0.00 (RSUs are contingent rights, not an immediate cash purchase).
• Vesting: RSUs vest in full one year after grant (see footnote).
• Shares owned after transaction: Not specified in this filing.
• Filing timeliness: Report filed with period ending 2026-05-21 (no late filing indicated).
• Footnotes: F1 = each RSU converts to one share upon vesting; F2 = grant date and one-year vesting; F3 = this line covers only the RSUs granted on May 21, 2026 (does not include other RSUs with different terms).

Context

• RSU grants to directors are common as compensation and are not an immediate market purchase or sale. The award becomes meaningful to shareholders only upon vesting and (typically) issuance of shares. This grant should be viewed as a compensation event rather than a direct signal of buying or selling activity.