Mandel Mark D. 4

What Happened

• Mark D. Mandel, a director of Callaway Golf Co. (CALY), received an award of 8,181 restricted stock units (RSUs) on May 21, 2026. The filing shows an acquisition price of $0 for the RSUs (derivative award), meaning no cash purchase was reported.
• These RSUs represent contingent rights to receive common stock; the grant itself is compensation rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-05-21
• Transaction type: Award/Grant (derivative) — 8,181 RSUs @ $0.00
• Vesting: RSUs vest in full on the first anniversary of the grant (per footnote)
• Footnotes: F1—each RSU converts to one share upon vesting; F3—count reflects only this grant (does not include other RSUs with different vesting)
• Shares owned after transaction: not specified in the provided filing summary
• Filing timeliness: reported with period date 2026-05-21 (no late filing indicated)

Context

• RSUs are a form of compensation that convert into shares only when they vest; they do not represent immediate share purchases or sales. Value is realized (and taxable) when RSUs vest and shares are delivered or withheld to cover taxes. This award signals compensation/retention activity rather than an insider market trade.