Callaway (CALY) SVP Jennifer Thomas Receives RSU Vest; Tax Withholding

What Happened

• Jennifer L. Thomas, Senior Vice President and Chief Accounting Officer of Callaway Golf Co. (CALY), had 6,494 restricted stock units (RSUs) convert into common shares on August 26, 2026. The company withheld 3,506 of those shares to satisfy tax withholding obligations (valued at $15.74 per share for a withholding total of $55,184), leaving 2,988 shares issued to her net of withholding.
• This was a vesting/issuance of RSUs (an award conversion), not an open-market purchase or a discretionary sale.

Key Details

• Transaction date: 2026-08-26 (report filed 2026-08-26).
• Type: RSU vesting / conversion of derivative into 6,494 common shares (code M for conversion); tax withholding (code F) of 3,506 shares at $15.74 each = $55,184.
• Net shares delivered to insider: 6,494 issued − 3,506 withheld = 2,988 shares (fair value at withholding price ≈ $47,031.12).
• RSU grant/vesting notes: These RSUs were granted on August 26, 2025 and vested on the first anniversary (Aug 26, 2026). RSUs convert one-for-one into common stock (footnotes F1–F5).
• Shares owned after the transaction: Not reported in the filing.
• Filing timeliness: Reported on the same date as the transaction (no late filing flag).

Context

• This filing reflects a routine equity award vesting and a standard company share-withholding to cover required taxes (a non-cash “sell-to-cover” equivalent). It is not an open-market sale or a new purchase signal.
• For retail investors, such award vestings are common compensation events; withheld shares to cover taxes do not necessarily indicate insider sentiment about the stock.