Thomas Jennifer L. 4

What Happened

• Jennifer L. Thomas, Senior Vice President and Chief Accounting Officer of Callaway Golf Co. (CALY), received a grant of 7,797 restricted stock units (RSUs) on February 24, 2026. The RSUs were reported as a derivative award with an acquisition price of $0.00 (a standard equity grant, not a purchase).
• The reported transaction value at grant is $0 because RSUs are contingent rights to receive shares in the future rather than an immediate cash purchase.

Key Details

• Transaction date: February 24, 2026 (reported on Form 4 filed Feb 26, 2026).
• Award: 7,797 RSUs granted at $0.00 per unit (derivative award).
• Vesting: The RSUs vest in three equal annual installments beginning on the first anniversary of the grant date (per footnote).
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — grant date and vesting schedule; F3 — this entry covers only the RSUs granted on Feb 24, 2026 and excludes any RSUs with different vesting terms.
• Shares owned after the transaction: Not specified in the information provided in this summary.
• Timeliness: Form 4 was filed two days after the grant date (timely filing, not marked late).

Context

• RSU grants are a common form of executive compensation and do not represent an immediate market purchase or sale. They are contingent on future vesting and typically align executive incentives with shareholder value over time.
• Because this transaction is an award (not a purchase or sale), it should be viewed as compensation-related rather than a direct signal of the insider buying or selling shares.