GOLF Acushnet Holdings Corp.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $36M, Q3 2025: $70M, Q2 2025: $39M, Q1 2025: $33M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $36M vs trailing avg $47M (-25%)

What percentage of free cash flow is going to buybacks? Bull: 30%+. Bear: negative FCF or no buybacks.

Negative FCF ($-33M), buybacks not supported by cash flow

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 0 shares = 0.0% of 74,760,062 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

No insider open-market purchases in the last 12 months

Are both company buybacks and insider buying independently active? Bull when the company is buying back stock in 2+ quarters and insiders have made 2+ open-market purchases.

Need both buyback and insider purchase data

Over the last 90 days, are insiders net buyers or net sellers on the open market?

Insiders bought $0M, sold $2M in the last 90 days (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 72173434.1x more than bought. 4 C-suite officers among sellers

• Lindner Christopher Aaron (President - FootJoy) sold 6,500 shares on 2025-12-15
• Pelisek Steven Francis (President-Titleist Golf Clubs) sold 20,000 shares on 2025-11-25
• Maher David Eugene (President and CEO) sold 10,625 shares on 2025-11-13
• Maher David Eugene (President and CEO) sold 11,240 shares on 2025-11-13
• Maher David Eugene (President and CEO) sold 2,656 shares on 2025-11-13
• Maher David Eugene (President and CEO) sold 26,887 shares on 2025-11-14
• Maher David Eugene (President and CEO) sold 52 shares on 2025-11-14
• Bohn Mary Louise (President-Titleist Golf Balls) sold 13,190 shares on 2025-08-14
• Lindner Christopher Aaron (President - FootJoy) sold 12,200 shares on 2025-05-12
• Lindner Christopher Aaron (President - FootJoy) sold 300 shares on 2025-05-12