Deskins Angela J. 4

What Happened

Angela J. Deskins, Executive Vice President and Chief People Officer of Callaway Golf Co., had 2,526 restricted stock units (RSUs) convert into common stock on March 14, 2026. The filing shows 2,526 shares were acquired on conversion (reported at $0.00 because these were RSUs), and 899 of those shares were withheld by the company to satisfy tax withholding obligations at $13.38 per share (proceeds reported as $12,029). Net shares added to her holdings from this vesting were 1,627 (2,526 vested − 899 withheld). This is a compensation vesting event (not an open-market purchase or voluntary sale).

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 16, 2026.
• RSUs converted: 2,526 shares recorded as acquired at $0.00 (code M — conversion/exercise of derivative).
• Tax withholding: 899 shares withheld (code F) at $13.38/share; proceeds $12,029.
• Implied total value of vested shares (based on $13.38/share): ~ $33,798; net value retained ~ $21,769.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: RSUs were granted March 14, 2025 and vest in three equal annual installments starting on the first anniversary; RSUs convert one-for-one to common stock; the withheld shares satisfied tax withholding requirements.
• Filing timeliness: Form 4 lists the transaction date (Mar 14, 2026) and was filed Mar 16, 2026.

Context

This was a routine compensation vesting event and a share-withhold to cover taxes — common practice that does not, by itself, signal a buy/sell decision about the stock. The filing shows conversion of RSUs (derivative instrument) into common shares, with a portion withheld for taxes (a "sell-to-cover" via withholding rather than an open-market sale). For retail investors, RSU vesting mainly reflects executive compensation schedule rather than an expressed market view.