Callaway (CALY) Director Mark Mandel Receives 1,657-Share Award

What Happened
Mark D. Mandel, a non-employee director of Callaway Golf Co. (CALY), was granted 1,657 shares on 2026-09-15. The Form 4 reports the acquisition price as $0.00 (award/grant); the filing notes the shares were issued in lieu of the cash retainer for the quarter ending September 30, 2026. This is an award/compensation issuance rather than a market purchase or sale.

Key Details

• Transaction date: 2026-09-15 (reported on Form 4 filed 2026-09-16) — timely filing.
• Transaction type/code: Award/Grant (A).
• Shares acquired: 1,657 shares; reported acquisition price: $0.00.
• Shares owned after the transaction: not disclosed in this filing.
• Footnote: Shares issued in lieu of the cash retainer under the issuer’s non-employee director compensation program for the quarter ending Sept 30, 2026.
• Filing status: Not marked late.

Context
Grants to non-employee directors in lieu of cash retainers are routine compensation and do not necessarily reflect the director’s view on the company’s stock. Because the Form 4 reports the award at $0 (compensation issuance), check market price around the transaction date if you want an approximate market value of the shares.