Insider Transaction: Callaway Golf EVP Hickey Sells 28,843 Shares at $18.74
Key Points
Hickey sold 28,843 shares on Aug. 6, 2026.
The transaction represents a 26% reduction in total equity holdings.
Following the sale, the executive retains 72,239 shares directly and 10,000 shares indirectly through a family trust.
Glenn F. Hickey, EVP & Pres., Callaway Sales of Callaway Golf (NYSE:CALY), sold 28,843 shares of common stock at $18.74 per share on Aug. 6, 2026. SEC Form 4 filing
Company snapshot
- Sector: Consumer Cyclical
- Industry: Leisure
- Market Capitalization: $3.2 billion
- Headquarters: Carlsbad
Callaway Golf is a global enterprise that develops, produces, and sells golf equipment, apparel, and accessories. It operates three primary business divisions: Topgolf, Golf Equipment, and Active Lifestyle.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | $541,000 |
| Shares sold (direct) | 28,843 |
| Post-transaction shares | 82,239 |
| Post-transaction shares (directly held) | 72,239 |
| Post-transaction shares (indirectly held) | 10,000 |
| Post-transaction value | $1.4 million |
Transaction value based on SEC Form 4 weighted average sale price ($18.74); post-transaction value based on Aug. 6, 2026, market close ($17.38).
Key questions
- How did this transaction affect Hickey's total stock position?
The sale of 28,843 shares reduced the executive's total ownership by 26%, bringing the combined direct and indirect holdings from roughly 111,000 shares to 82,239 shares. - What was the market environment at the time of the sale?
The transaction was executed at $18.74 per share, while Callaway Golf closed at $17.38 on Aug. 6, 2026, following a period of 98% price appreciation over the preceding 12 months. - What remains of Hickey's equity holdings in the company?
The executive continues to hold 72,239 shares directly, alongside 10,000 shares held indirectly through a family trust, representing a total post-transaction value of $1.4 million as of the Aug. 6, 2026, market close. - How does the current stock price compare to the transaction levels?
As of the Aug. 7, 2026, market close, the stock was priced at $17.59, approximately 6% below the weighted-average price Hickey realized in this filing.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-07) | $17.59 |
| Market Capitalization | $2.8 billion |
| Revenue (TTM) | $2.1 billion |
| Net Income (TTM) | $80.6 million |
Company Snapshot
- Callaway Golf develops, manufactures, and distributes a comprehensive portfolio of golf equipment, golf and lifestyle apparel, and accessories.
- The company generates revenue through multiple channels, including the sale of golf clubs, balls, and accessories; owns a 40% stake in the technology-enabled Topgolf entertainment venues featuring dining and bar services; and the distribution of branded apparel and lifestyle products.
- The company serves golf enthusiasts, casual players, professional golfers, and entertainment-seeking consumers through a global distribution network spanning the United States, Europe, Asia, and other international markets.
Callaway Golf operates as a diversified golf and leisure enterprise. The company leverages its heritage in golf equipment manufacturing while also maintaining a 40% stake in Topgolf.
What this transaction means for investors
The Callaway stock price has had a strong run over the last 12 months, climbing 71.8% as of this writing. In comparison, the S&P 500 is up 20.5% in the same period. What seems to have benefited Callaway is a renewed focus on the top sellers in its golf equipment and apparel business, which began taking shape in 2025. In June 2025, Callaway announced that it had sold off its apparel brand, Jack Wolfskin, for $290 million. Then, in November 2025, Callaway announced that it was selling a 60% stake in Topgolf, a popular golf entertainment complex. It maintains a 40% stake in Topgolf.
On the surface, selling just under 29,000 shares sounds like a lot. But in total, Hickey still retains 72,239 shares directly and 10,000 shares indirectly. To zoom out a bit, Callaway Golf's stock price has dropped nearly 44% over the last four years. With this recent turnaround, there is an opportunity to sell some shares into strength after the stock has declined over the last five years. So, with the stock price climbing 71.8% over the last 12 months, this transaction wouldn't indicate anything other than a routine sale.
Jack Delaney has no position in any of the stocks mentioned. The Motley Fool recommends Callaway Golf. The Motley Fool has a disclosure policy.