Lynch Brian P. 4

What Happened
Brian P. Lynch, Executive Vice President and Chief Financial Officer of Callaway Golf Co. (CALY), was granted 62,371 Restricted Stock Units (RSUs) on February 24, 2026. The RSUs are recorded as a derivative award at $0.00 per unit (total $0 at grant), meaning Lynch did not pay cash to acquire them. These RSUs represent a contingent right to receive shares of common stock if and when they vest.

Key Details

• Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (appears timely under the standard 2-business-day reporting rule).
• Transaction type/code: Grant/Award (A); 62,371 RSUs @ $0.00 (derivative award).
• Vesting: RSUs vest in three equal annual installments beginning on the first anniversary of the grant (per footnote).
• Conversion: Each RSU equals the right to one share of common stock upon vesting (per footnote).
• Scope: Footnotes indicate this summary covers only the RSUs granted on Feb 24, 2026 and does not include RSUs with different vesting terms.
• Shares owned after transaction: Not specified in the filing.
• Tax withholding / sale instructions: No tax withholding or automatic share-for-share net settlement reported in this filing.

Context
RSU grants are a common form of executive compensation meant to align management with shareholder interests over time; they are not an immediate market purchase or sale. Because the RSUs vest over future dates, they do not represent current tradable shares until vesting and delivery occur. This grant should be viewed as a compensation event rather than an immediate signal of buying or selling by the insider.