X0306 4 2020-01-30 0 0000837465 CALLAWAY GOLF CO ELY 0001548051 Leposky Mark F 2180 RUTHERFORD ROAD CARLSBAD CA 92008 0 1 0 0 EVP, Global Operations Performance Stock Unit 2020-01-30 4 A 0 20442 0.00 A Common Stock 20442 34070 D Performance Stock Unit 2020-01-30 4 A 0 4032 0.00 A Common Stock 4032 10754 D Performance Stock Unit 2020-01-30 4 A 0 3796 0.00 A Common Stock 3796 3796 D Each Performance Stock Unit ("PSU") represents a contingent right to receive one share of common stock, subject to the achievement of applicable performance criteria. On February 6, 2017, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria. On January 30, 2020, the Compensation and Management Succession Committee of the Board of Directors (the "Compensation Committee") determined that 20,442 PSUs were earned as result of the achievement of such performance criteria. Such PSUs converted to time-based units that will vest on the third anniversary of the grant date, subject to continued employment through such date. Represents the aggregate number of PSUs originally granted on February 6, 2017 that have been earned as a result of the achievement of the applicable performance criteria. On February 9, 2018, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria. On January 30, 2020, the Compensation Committee determined that 4,032 PSUs were earned as a result of the achievement of such performance criteria. Such PSUs converted to time-based units that will vest on the third anniversary of the grant date subject to continued employment through such date. Represents the aggregate number of PSUs originally granted on February 9, 2018 that have been earned as a result of the achievement of the applicable performance criteria. On February 8, 2019, the Reporting Person was granted PSUs, the vesting of which is subject to the achievement of certain performance criteria. On January 30, 2020, the Compensation Committee determined that 3,796 PSUs were earned as a result of the achievement of such performance criteria. Such PSUs converted to time-based units that will vest on the third anniversary of the grant date subject to continued employment through such date. Represents the aggregate number of PSUs originally granted on February 8, 2019 that have been earned as a result of the achievement of the applicable performance criteria. /s/ Sarah Kim Attorney-in-Fact for Mark F. Leposky under a Limited Power of Attorney dated February 1, 2019. 2020-01-31