Hickey Glenn F. 4

What Happened

• Glenn F. Hickey, EVP & President, Callaway Sales, had restricted stock units (RSUs) vest on Feb 22, 2026, converting 6,221 RSUs into common shares (reported as a derivative conversion/exercise at $0.00). To satisfy tax withholding, 3,395 of those shares were withheld (disposed) at $14.60 each, totaling $49,567. The remaining 2,826 shares were delivered to him net of withholding. This was an award/vesting event rather than an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-02-22; filing date: 2026-02-23 (timely).
• Acquired: 6,221 shares via RSU conversion (exercise/conversion code M) at $0.00.
• Disposed (withheld for taxes): 3,395 shares at $14.60 per share, proceeds/value $49,567 (code F).
• Net shares delivered to insider: 2,826 shares.
• Footnotes: RSUs were granted Feb 22, 2023 and vest in three equal annual installments starting on the first anniversary; RSUs convert 1:1 into common stock; the withheld shares satisfy tax withholding for the vesting RSUs and F5 notes these figures cover only the RSUs from the Feb 22, 2023 grant.
• Filing status: Timely (filed next day); no 10b5-1 or other trading plan disclosed in this filing.

Context

• This was a standard RSU vesting event (award), not a market purchase or voluntary sale. The transaction code patterns (M for conversion/exercise at $0.00 and F for tax withholding) indicate a conversion of RSUs into shares with some shares withheld to cover tax obligations (a cashless tax withholding), a common administrative step that doesn’t necessarily signal an intent to trade shares in the market.