Lynch Brian P. 4

What Happened

• Brian P. Lynch, EVP and Chief Financial Officer of Callaway Golf Co., had 34,091 restricted stock units (RSUs) vest on March 14, 2026, which converted into 34,091 shares of common stock (reported at $0.00 per share as the RSUs converted).
• To satisfy tax withholding on the vesting, 18,403 of those shares were withheld (disposed) at an implied value of $13.38 per share, totaling $246,232. The filing records the RSU conversion (transaction code M) and the tax-withholding disposition (transaction code F).

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 16, 2026 (appears timely).
• Shares issued on vesting: 34,091 shares (conversion of RSUs recorded at $0.00).
• Shares withheld for taxes: 18,403 shares @ $13.38 = $246,232.
• Footnotes: RSUs were granted March 14, 2025, convert one-for-one to common stock, vest in three equal annual installments beginning on the first anniversary; withheld shares satisfy tax withholding.
• Shares owned after the transaction: not specified in the excerpt of this filing (see full Form 4 for total beneficial ownership).

Context

• This was a routine compensation-related vesting event (RSU conversion) with a share-withholding ("sell-to-cover") to meet tax obligations. Such withholding is common and does not necessarily indicate insider sentiment about the stock. The filing shows conversion of RSUs into shares (derivative conversion) and the company withholding shares to satisfy tax liabilities.