Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-24

Acushnet Holdings (GOLF)

CEO David Maher was paid $10,635,556 in fiscal year 2025, ↑ up 9.2% from fiscal year 2024, the 33rd percentile of its disclosed peer group (SEC filing 0001672013-26-000106 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$10,635,556 ↑
David Maher total, FY2025
33rd
CEO pay percentile vs peers
660:1
CEO-to-median pay ratio
99.67%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- David Maher (President and Chief Executive Officer), FY2025 total compensation $10,635,556 (base salary $1,170,000) [exec_comp, SEC accession 0001672013-26-000106, filed 2026-04-17]

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GOLF's next annual pay disclosure, estimated April 17, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
David Maher$1,170,000$0$6,500,072$0$1,501,227$1,404,125$60,132$10,635,556
President and Chief Executive Officer
Sean Sullivan730,00002,100,0490612,434065,7903,508,273
Executive Vice President, Chief Financial Officer
Mary Louise Bohn635,00001,250,0850470,059443,57656,4242,855,144
President - Titleist Golf Balls
Steven Pelisek635,00001,250,0850470,059412,71527,0132,794,872
President - Titleist Golf Clubs
Christopher Lindner600,00001,150,0200414,540043,7192,208,279
President - FootJoy

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
David Maher$10,635,556$9,741,876$8,838,717↑ +893,680
Sean Sullivan3,508,2733,388,7596,916,432↑ +119,514
Mary Louise Bohn2,855,1443,340,2462,719,205↓ −485,102
Steven Pelisek2,794,8723,242,3482,751,594↓ −447,476
Christopher Lindner2,208,2792,115,8342,200,943↑ +92,445

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against GOLF
10 companies name GOLF as a compensation peer

Each company listed discloses GOLF in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named GOLF in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
David MaherCEO$10,635,556
Christopher LindnerPresident$2,208,279
Mary Louise BohnPresident$2,855,144
Sean SullivanCFO$3,508,273
Steven PelisekPresident$2,794,872
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Gregory HewettIndependent Director$274,280
Ho Yeon (Aaron) LeeIndependent Director$245,442
Jan SingerIndependent Director$264,748
Keun Chang (Kevin) YoonIndependent Director$245,637
Leanne CunninghamIndependent Director$247,942
Steven TishmanIndependent Director$270,330
Yoon Soo (Gene) YoonChair of the Board$369,145
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mary Louise BohnPSU2025-02-135,49810,996—21,992$750,037
Christopher LindnerRSU2025-02-13——6,744—460,008
Steven PelisekRSU2025-02-13——7,331—500,048
Sean SullivanRSU2025-02-13——12,315—840,006
Steven PelisekPSU2025-02-135,49810,996—21,992750,037
Sean SullivanPSU2025-02-139,23718,473—36,9461,260,043
Mary Louise BohnRSU2025-02-13——7,331—500,048
Christopher LindnerPSU2025-02-135,05810,116—20,232690,012
David MaherRSU2025-02-13——38,118—2,600,029
David MaherPSU2025-02-1328,58957,177—114,3543,900,043
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mary Louise Bohn$500,048$750,037$060.0%
Christopher Lindner460,008690,012060.0%
Steven Pelisek500,048750,037060.0%
Sean Sullivan840,0061,260,043060.0%
David Maher2,600,0293,900,043060.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David MaherPSU1,170,000—$190,191,803
David MaherPSU1,125,000—182,876,733
Sean SullivanPSU342,692—23,812,681
David MaherRSU60,132—10,635,556
David MaherRSU55,602—9,741,876
David MaherRSU54,373—8,838,717
Mary Louise BohnRSU48,070—3,340,246
Steven PelisekRSU27,184—3,242,348
Mary Louise BohnPSU56,424—2,855,144
Steven PelisekPSU27,013—2,794,872
Steven PelisekRSU61,836—2,751,594
Mary Louise BohnRSU54,667—2,719,205
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation program is designed to attract, motivate, and retain world-class talent by aligning the interests of management with stockholders. It competitively rewards good performance and more aggressively rewards superior performance, with a significant portion of total compensation tied directly to Company performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0854,837,719180,940248,46899.67%Passed
20252025-06-0256,448,355126,874183,91099.45%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0899.67%a
20252025-06-0299.45%b

a. Approved under the standard stated in the filing — “Votes that are withheld and broker non-votes will have the same effect as an abstention and will not count as a vote "FOR" a director.”.

b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote "AGAINST" the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)660 : 1
CEO total compensation—
Median employee compensation$16,125
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Yoon Soo (Gene) YoonIndependent · Board Chair$184,172$184,973———$369,145
Gregory HewettIndependent · Audit (Chair) · Nominating and Corporate Governance129,338144,942———274,280
Steven TishmanIndependent · Audit · Compensation (Chair)125,388144,942———270,330
Jan SingerIndependent · Compensation · Nominating and Corporate Governance (Chair)119,806144,942———264,748
Leanne CunninghamIndependent · Audit103,000144,942———247,942
Keun Chang (Kevin) YoonIndependent · Nominating and Corporate Governance100,695144,942———245,637
Ho Yeon (Aaron) LeeIndependent · Compensation100,500144,942———245,442
David MaherEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$145,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)32,500 / 25,000 / 20,000
Stock ownership guidelinethe Company maintains stock ownership guidelines that facilitate ownership and alignment with stockholders;
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$862,899
Equity awards (grant-date value)$1,054,625
All other compensation$0
Total cost of the board$1,917,524

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Acushnet Holdings names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Acushnet Holdings.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Callaway Golf Company2025Oliver Brewer III$1,100,000$9,517,219$0$3,300,000$13,970,138
2Kontoor Brands, Inc.2025Scott Baxter1,287,5007,986,31903,462,40913,203,878
3Deckers Outdoor Corporation2026Stefano Caroti1,236,5386,999,94703,607,91511,904,992
4Under Armour, Inc.2026Kevin Plank903,4629,040,000510,0001,128,15011,597,975
5Crocs, Inc.2025Andrew Rees1,188,4627,432,80202,267,58510,958,007
6Wolverine World Wide, Inc.2025Christopher Hufnagel1,192,3085,800,02302,663,85410,854,729
7Acushnet Holdings2025David Maher1,170,0006,500,07201,501,22710,635,556
8YETI Holdings, Inc.2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
9Helen of Troy Limited2026Noel Geoffroy177,0003,800,000039,9824,070,466
10Columbia Sportswear Company2025Timothy Boyle1,080,000001,938,7203,036,220

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Acushnet Holdingsnot disclosedPSU 60 · RSU 40not disclosedPearl Meyer
Callaway Golf Companynot disclosedPSU 55 · RSU 45Yes — relative Total Shareholder Return (rTSR)Mercer, LLC
Columbia Sportswear Company57%not disclosedYes — three year relative total shareholder return (Relative TSR)FW Cook
Crocs, Inc.not disclosedPSU 34 · RSU 33Yes — 2025-2027 Revenue/rTSRMeridian
Deckers Outdoor Corporation173%PSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Frederic W. Cook & Co., Inc.
Helen of Troy Limited16.3%PSU 50 · RSU 50NoFW Cook
Kontoor Brands, Inc.not disclosedPRSU 60 · RSU 40not disclosedFrederic W. Cook & Co. Inc
Under Armour, Inc.60%RSU 100NoWillis Towers Watson
Wolverine World Wide, Inc.172.4%PSU 70 · RSU 30Yes — Absolute TSRFrederic W. Cook & Co.
YETI Holdings, Inc.71.0%PBRSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR)FW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Acushnet Holdings in fiscal 2025?
As disclosed, David Maher (President and Chief Executive Officer) was the highest-paid executive at Acushnet Holdings in fiscal 2025, with total compensation of $10,635,556.
How does Acushnet Holdings's chief executive pay compare to its disclosed peer group?
As disclosed, David Maher's total compensation ranked at the 33rd percentile of Acushnet Holdings's disclosed peer group.
What is Acushnet Holdings's CEO-to-median employee pay ratio?
As disclosed, Acushnet Holdings's CEO-to-median employee pay ratio was 660:1.
How did shareholders vote on Acushnet Holdings's executive compensation?
As disclosed, 99.67% of shareholders supported Acushnet Holdings's executive compensation in the latest say-on-pay vote.
How much does Acushnet Holdings spend in total on board compensation for fiscal 2025?
As disclosed, Acushnet Holdings reported total board compensation of $1,917,524 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, David MaherDEF 14A2026-04-170001672013-26-000106Section “Summary Compensation Table” · page 45. As printed: 10,635,556. Filing ↗machine: span 960915–960925
2Section 01, Sean SullivanDEF 14A2026-04-170001672013-26-000106Section “Summary Compensation Table” · page 45. As printed: 3,508,273. Filing ↗machine: span 973281–973290
3Section 01, Mary Louise BohnDEF 14A2026-04-170001672013-26-000106Section “Summary Compensation Table” · page 45. As printed: 2,855,144. Filing ↗machine: span 985407–985416
4Section 01, Steven PelisekDEF 14A2026-04-170001672013-26-000106Section “Summary Compensation Table” · page 45. As printed: 2,794,872. Filing ↗machine: span 997532–997541
5Section 01, Christopher LindnerDEF 14A2026-04-170001672013-26-000106Section “Summary Compensation Table” · page 45. As printed: 2,208,279. Filing ↗machine: span 1010282–1010291
6Section 03, Mary Louise Bohn PSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 831039–831046
7Section 03, Christopher Lindner RSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 837037–837044
8Section 03, Steven Pelisek RSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 833245–833252
9Section 03, Sean Sullivan RSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 825367–825374
10Section 03, Steven Pelisek PSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 834851–834858
11Section 03, Sean Sullivan PSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 826973–826982
12Section 03, Mary Louise Bohn RSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 829358–829365
13Section 03, Christopher Lindner PSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 838575–838582
14Section 03, David Maher RSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 821576–821585
15Section 03, David Maher PSUDEF 14A2026-04-170001672013-26-000106Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. Filing ↗machine: span 823184–823193
16Section 07, pay ratioDEF 14A2026-04-170001672013-26-000106Section “CEO Pay Ratio”. As printed: 660 : 1. Filing ↗
17Section 08, Yoon Soo (Gene) YoonDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 369,145. Filing ↗machine: span 398821–399137
18Section 08, Gregory HewettDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 274,280. Filing ↗machine: span 402046–402362
19Section 08, Steven TishmanDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 270,330. Filing ↗machine: span 406880–407196
20Section 08, Jan SingerDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 264,748. Filing ↗machine: span 405269–405585
21Section 08, Leanne CunninghamDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 247,942. Filing ↗machine: span 400435–400751
22Section 08, Keun Chang (Kevin) YoonDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 245,637. Filing ↗machine: span 408738–409122
23Section 08, Ho Yeon (Aaron) LeeDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 245,442. Filing ↗machine: span 403662–403978
24Section 08, David MaherDEF 14A2026-04-170001672013-26-000106Section “Director Compensation”. As printed: 0. Filing ↗
25Section 06, 2026 voteForm 8-K2026-06-110001672013-26-000139Item 5.07 · say-on-pay result. As reported: 99.67% (votes for as printed: 54,837,719). Filing ↗
26Section 06, 2025 voteForm 8-K2025-06-040001672013-25-000035Item 5.07 · say-on-pay result. As reported: 99.45% (votes for as printed: 56,448,355). Filing ↗
27Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
28Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
29Section 09b board cost (computed)Computed——Cash 862,899 + equity 1,054,625 + all other 0 = 1,917,524, summed across the director compensation table rows.machine: formula: Σ = 1,917,524
30Callaway Golf Company, Section 10b CEO totalDEF 14A2026-04-080000837465-26-000013CEO total compensation as printed in Callaway Golf Company's own proxy. As printed: 13,970,138. Filing ↗machine: span 747968–747978
31Kontoor Brands, Inc., Section 10b CEO totalDEF 14A2026-03-090001760965-26-000020CEO total compensation as printed in Kontoor Brands, Inc.'s own proxy. As printed: 13,203,878. Filing ↗machine: r4 · c24 · span 704033–704043
32Deckers Outdoor Corporation, Section 10b CEO totalDEF 14A2026-07-240000910521-26-000018CEO total compensation as printed in Deckers Outdoor Corporation's own proxy. As printed: 11,904,992. Filing ↗machine: r3 · c21 · span 866385–866395
33Under Armour, Inc., Section 10b CEO totalDEF 14A2026-07-150001336917-26-000102CEO total compensation as printed in Under Armour, Inc.'s own proxy. As printed: 11,597,975. Filing ↗machine: r2 · c48 · span 595286–595296
34Crocs, Inc., Section 10b CEO totalDEF 14A2026-04-230001334036-26-000020CEO total compensation as printed in Crocs, Inc.'s own proxy. As printed: 10,958,007. Filing ↗machine: r2 · c48 · span 620259–620269
35Wolverine World Wide, Inc., Section 10b CEO totalDEF 14A2026-03-250001140361-26-011157CEO total compensation as printed in Wolverine World Wide, Inc.'s own proxy. As printed: 10,854,729. Filing ↗machine: r2 · c25 · span 1190459–1190470
36Acushnet Holdings (subject), Section 10b CEO totalDEF 14A2026-04-170001672013-26-000106CEO total compensation as printed in Acushnet Holdings's own proxy. As printed: 10,635,556. Filing ↗machine: span 960915–960925
37YETI Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-260001140361-26-011375CEO total compensation as printed in YETI Holdings, Inc.'s own proxy. As printed: 7,697,528. Filing ↗machine: r2 · c22 · span 1046975–1046984
38Helen of Troy Limited, Section 10b CEO totalDEF 14A2026-06-240000916789-26-000088CEO total compensation as printed in Helen of Troy Limited's own proxy. As printed: 4,070,466. Filing ↗machine: span 888837–888846
39Columbia Sportswear Company, Section 10b CEO totalDEF 14A2026-04-240001050797-26-000062CEO total compensation as printed in Columbia Sportswear Company's own proxy. As printed: 3,036,220. Filing ↗machine: t61 · r3 · c27 · span 566267–566276
40Section 10a, Under Armour, Inc. reciprocityDEF 14A—0001336917-26-000102Under Armour, Inc.'s most recent proxy was read; its disclosed peer group does not include Acushnet Holdings. Filing ↗
41Section 10a, Wolverine World Wide, Inc. reciprocityDEF 14A—0001140361-26-011157Wolverine World Wide, Inc.'s most recent proxy was read; its disclosed peer group does not include Acushnet Holdings. Filing ↗
42Section 10a, Deckers Outdoor Corporation reciprocityDEF 14A—0000910521-26-000018Deckers Outdoor Corporation's most recent proxy was read; its disclosed peer group does not include Acushnet Holdings. Filing ↗
43Section 10a, Callaway Golf Company reciprocityDEF 14A—0000837465-26-000013Callaway Golf Company names Acushnet Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
44Section 10a, YETI Holdings, Inc. reciprocityDEF 14A—0001140361-26-011375YETI Holdings, Inc. names Acushnet Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Helen of Troy Limited reciprocityDEF 14A—0000916789-26-000088Helen of Troy Limited's most recent proxy was read; its disclosed peer group does not include Acushnet Holdings. Filing ↗
46Section 10a, Kontoor Brands, Inc. reciprocityDEF 14A—0001760965-26-000020Kontoor Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Acushnet Holdings. Filing ↗
47Section 10a, Crocs, Inc. reciprocityDEF 14A—0001334036-26-000020Crocs, Inc. names Acushnet Holdings in its own disclosed peer group (read from its most recent proxy). Filing ↗