Companies Acushnet Holdings Corp.

Acushnet (GOLF): executive pay, fiscal 2025

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CEO total pay$10,635,556CEO David Maher · source

Say-on-pay support99.67%Latest vote · source

CEO vs. named peers33rd pct.Of 10 peer CEOs

CEO pay ratio660:1To the median employee · source

CEO pay, last three years

$8,838,717FY2023
$9,741,876FY2024
$10,635,556FY2025

CEO total pay was $10,635,556 in fiscal 2025, up from $9,741,876 in fiscal 2024.

FY2025: salary $1,170,000 · bonus $0 · stock awards $6,500,072 · option awards $0

Executives and directors

David Maher · CEO Christopher Lindner · President Mary Louise Bohn · President Sean Sullivan · CFO Steven Pelisek · President Gregory Hewett · Independent Director Ho Yeon (Aaron) Lee · Independent Director Jan Singer · Independent Director Keun Chang (Kevin) Yoon · Independent Director Leanne Cunningham · Independent Director Steven Tishman · Independent Director Yoon Soo (Gene) Yoon · Chair of the Board

Frequently asked questions

Who was the highest-paid executive at Acushnet Holdings Corp. in fiscal 2025?

As disclosed, David Maher (President and Chief Executive Officer) was the highest-paid executive at Acushnet Holdings Corp. in fiscal 2025, with total compensation of $10,635,556.

How does Acushnet Holdings Corp.'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 Corp.'s disclosed peer group.

What is Acushnet Holdings Corp.'s CEO-to-median employee pay ratio?

As disclosed, Acushnet Holdings Corp.'s CEO-to-median employee pay ratio was 660:1.

How did shareholders vote on Acushnet Holdings Corp.'s executive compensation?

As disclosed, 99.67% of shareholders supported Acushnet Holdings Corp.'s executive compensation in the latest say-on-pay vote.

How much does Acushnet Holdings Corp. spend in total on board compensation for fiscal 2025?

As disclosed, Acushnet Holdings Corp. 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.

Full detail

Every table from the filing. Open any section.

Summary compensation table

Named executive officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension / NQDC	All other	Total
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 Sullivan	730,000	0	2,100,049	0	612,434	0	65,790	3,508,273
Executive Vice President, Chief Financial Officer
Mary Louise Bohn	635,000	0	1,250,085	0	470,059	443,576	56,424	2,855,144
President - Titleist Golf Balls
Steven Pelisek	635,000	0	1,250,085	0	470,059	412,715	27,013	2,794,872
President - Titleist Golf Clubs
Christopher Lindner	600,000	0	1,150,020	0	414,540	0	43,719	2,208,279
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 officer	FY2025 total	FY2024 total	FY2023 total	Δ FY2024→2025
David Maher	$10,635,556	$9,741,876	$8,838,717	↑ +893,680
Sean Sullivan	3,508,273	3,388,759	6,916,432	↑ +119,514
Mary Louise Bohn	2,855,144	3,340,246	2,719,205	↓ −485,102
Steven Pelisek	2,794,872	3,242,348	2,751,594	↓ −447,476
Christopher Lindner	2,208,279	2,115,834	2,200,943	↑ +92,445

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

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 consultant	Pearl Meyer
Clawback policy	true
Anti-hedging	true
Anti-pledging	true

Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

Executive	Award	Grant date	Threshold	Target	Granted	Maximum	Grant-date fair value
Mary Louise Bohn	PSU	2025-02-13	5,498	10,996	—	21,992	$750,037
Christopher Lindner	RSU	2025-02-13	—	—	6,744	—	460,008
Steven Pelisek	RSU	2025-02-13	—	—	7,331	—	500,048
Sean Sullivan	RSU	2025-02-13	—	—	12,315	—	840,006
Steven Pelisek	PSU	2025-02-13	5,498	10,996	—	21,992	750,037
Sean Sullivan	PSU	2025-02-13	9,237	18,473	—	36,946	1,260,043
Mary Louise Bohn	RSU	2025-02-13	—	—	7,331	—	500,048
Christopher Lindner	PSU	2025-02-13	5,058	10,116	—	20,232	690,012
David Maher	RSU	2025-02-13	—	—	38,118	—	2,600,029
David Maher	PSU	2025-02-13	28,589	57,177	—	114,354	3,900,043

Vehicle mix — grant-date fair value by award type

Named executive officer	Time-vested (RSU)	Performance-vested (PSU)	Options / SARs	% performance-vested
Mary Louise Bohn	$500,048	$750,037	$0	60.0%
Christopher Lindner	460,008	690,012	0	60.0%
Steven Pelisek	500,048	750,037	0	60.0%
Sean Sullivan	840,006	1,260,043	0	60.0%
David Maher	2,600,029	3,900,043	0	60.0%

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

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Steven Pelisek	PSU	27,013	—	$2,794,872
Steven Pelisek	RSU	27,184	—	3,242,348
Mary Louise Bohn	RSU	48,070	—	3,340,246
David Maher	RSU	54,373	—	8,838,717
Mary Louise Bohn	RSU	54,667	—	2,719,205
David Maher	RSU	55,602	—	9,741,876
Mary Louise Bohn	PSU	56,424	—	2,855,144
David Maher	RSU	60,132	—	10,635,556
Steven Pelisek	RSU	61,836	—	2,751,594
Sean Sullivan	PSU	342,692	—	23,812,681
David Maher	PSU	1,125,000	—	182,876,733
David Maher	PSU	1,170,000	—	190,191,803

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
Yoon Soo (Gene) YoonIndependent · Board Chair	$184,172	$184,973	—	—	—	$369,145
Gregory HewettIndependent · Audit (Chair) · Nominating and Corporate Governance	129,338	144,942	—	—	—	274,280
Steven TishmanIndependent · Audit · Compensation (Chair)	125,388	144,942	—	—	—	270,330
Jan SingerIndependent · Compensation · Nominating and Corporate Governance (Chair)	119,806	144,942	—	—	—	264,748
Leanne CunninghamIndependent · Audit	103,000	144,942	—	—	—	247,942
Keun Chang (Kevin) YoonIndependent · Nominating and Corporate Governance	100,695	144,942	—	—	—	245,637
Ho Yeon (Aaron) LeeIndependent · Compensation	100,500	144,942	—	—	—	245,442
David MaherEmployee director	—	—	—	—	—	0

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 guideline	the Company maintains stock ownership guidelines that facilitate ownership and alignment with stockholders;

Total cost of the board

Component	FY2025
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.

Peer group, and who names Acushnet as a peer

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.

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.

UAA Under Armour, Inc.WWW Wolverine World Wide, Inc.DECK Deckers Outdoor CorporationCALY Callaway Golf CompanyYETI YETI Holdings, Inc.HELE Helen of Troy LimitedKTB Kontoor Brands, Inc.COLM Columbia Sportswear CompanyCROX Crocs, Inc. Vista Outdoor Inc.

Peer reciprocity

Of the companies Acushnet Holdings Corp. 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.

— Under Armour, Inc. (UAA)⁴⁰— Wolverine World Wide, Inc. (WWW)⁴¹— Deckers Outdoor Corporation (DECK)⁴²✓ Callaway Golf Company (CALY)⁴³✓ YETI Holdings, Inc. (YETI)⁴⁴— Helen of Troy Limited (HELE)⁴⁵— Kontoor Brands, Inc. (KTB)⁴⁶ Columbia Sportswear Company (COLM)✓ Crocs, Inc. (CROX)⁴⁷

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 Corp..

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.

Rank	Company	FY	Chief executive	Salary	Stock awards	Option awards	Non-equity incentive	Total
1	Callaway Golf Company	2025	Oliver Brewer III	$1,100,000	$9,517,219	$0	$3,300,000	$13,970,138
2	Kontoor Brands, Inc.	2025	Scott Baxter	1,287,500	7,986,319	0	3,462,409	13,203,878
3	Deckers Outdoor Corporation	2026	Stefano Caroti	1,236,538	6,999,947	0	3,607,915	11,904,992
4	Under Armour, Inc.	2026	Kevin Plank	903,462	9,040,000	510,000	1,128,150	11,597,975
5	Crocs, Inc.	2025	Andrew Rees	1,188,462	7,432,802	0	2,267,585	10,958,007
6	Wolverine World Wide, Inc.	2025	Christopher Hufnagel	1,192,308	5,800,023	0	2,663,854	10,854,729
7	Acushnet Holdings Corp.	2025	David Maher	1,170,000	6,500,072	0	1,501,227	10,635,556
8	Yeti Holdings, Inc.	2025	Matthew Reintjes	1,057,308	5,500,187	0	1,126,033	7,697,528
9	Helen of Troy Limited	2026	G. Scott Uzzell	550,000	3,250,000	0	107,752	4,433,124
10	Columbia Sportswear Company	2025	Timothy Boyle	1,080,000	0	0	1,938,720	3,036,220

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.

Incentive design against the same peers

Company	Annual incentive payout	Long-term vehicle mix	PSU measures include TSR	Compensation consultant
Acushnet Holdings Corp.	not disclosed	PSU 60 · RSU 40	not disclosed	Pearl Meyer
Callaway Golf Company	not disclosed	PSU 55 · RSU 45	Yes — relative Total Shareholder Return (rTSR)	Mercer, LLC
Columbia Sportswear Company	57%	not disclosed	Yes — three year relative total shareholder return (Relative TSR)	FW Cook
Crocs, Inc.	not disclosed	PSU 34 · RSU 33	Yes — 2025-2027 Revenue/rTSR	Meridian
Deckers Outdoor Corporation	173%	PSU 60 · RSU 40	Yes — Total Stockholder Return (TSR)	Frederic W. Cook & Co., Inc.
Helen of Troy Limited	16.3%	PRSU 60 · RSU 40	No	FW Cook
Kontoor Brands, Inc.	not disclosed	PRSU 60 · RSU 40	not disclosed	Frederic W. Cook & Co. Inc
Under Armour, Inc.	60%	RSU 100	No	Willis Towers Watson
Wolverine World Wide, Inc.	172.4%	PSU 70 · RSU 30	Yes — Absolute TSR	Frederic W. Cook & Co.
Yeti Holdings, Inc.	71.0%	PBRSU 75 · RSU 25	Yes — 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.

Say-on-pay history and pay ratio

Meeting year	Meeting date	For	Against	Abstain	Support	Outcome
2026	2026-06-08	54,837,719	180,940	248,468	99.67%	Passed
2025	2025-06-02	56,448,355	126,874	183,910	99.45%	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 year	Meeting date	Approval — company’s computation
2026	2026-06-08	99.67%^a
2025	2025-06-02	99.45%^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.

CEO pay ratio

Ratio (CEO : median employee)	660 : 1
CEO total compensation	$10,635,556
Median employee compensation	$16,125

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (47 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, David Maher. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 45. As printed: 10,635,556. View filing ↗
Section 01, Sean Sullivan. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 45. As printed: 3,508,273. View filing ↗
Section 01, Mary Louise Bohn. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 45. As printed: 2,855,144. View filing ↗
Section 01, Steven Pelisek. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 45. As printed: 2,794,872. View filing ↗
Section 01, Christopher Lindner. DEF 14A, filed 2026-04-17. Section “Summary Compensation Table” · page 45. As printed: 2,208,279. View filing ↗
Section 03, Mary Louise Bohn PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, Christopher Lindner RSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, Steven Pelisek RSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, Sean Sullivan RSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, Steven Pelisek PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, Sean Sullivan PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, Mary Louise Bohn RSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, Christopher Lindner PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, David Maher RSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 03, David Maher PSU. DEF 14A, filed 2026-04-17. Section “Grants of Plan Based Awards in 2025” · grants of plan-based awards table. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-04-17. Section “CEO Pay Ratio”. As printed: 660 : 1. View filing ↗
Section 08, Yoon Soo (Gene) Yoon. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 369,145. View filing ↗
Section 08, Gregory Hewett. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 274,280. View filing ↗
Section 08, Steven Tishman. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 270,330. View filing ↗
Section 08, Jan Singer. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 264,748. View filing ↗
Section 08, Leanne Cunningham. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 247,942. View filing ↗
Section 08, Keun Chang (Kevin) Yoon. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 245,637. View filing ↗
Section 08, Ho Yeon (Aaron) Lee. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 245,442. View filing ↗
Section 08, David Maher. DEF 14A, filed 2026-04-17. Section “Director Compensation”. As printed: 0. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-06-11. Item 5.07 · say-on-pay result. As reported: 99.67% (votes for as printed: 54,837,719). View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-06-04. Item 5.07 · say-on-pay result. As reported: 99.45% (votes for as printed: 56,448,355). View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 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).
Section 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.
Callaway Golf Company, Section 10b CEO total. DEF 14A, filed 2026-04-08. CEO total compensation as printed in Callaway Golf Company's own proxy. As printed: 13,970,138. View filing ↗
Kontoor Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in Kontoor Brands, Inc.'s own proxy. As printed: 13,203,878. View filing ↗
Deckers Outdoor Corporation, Section 10b CEO total. DEF 14A, filed 2026-07-24. CEO total compensation as printed in Deckers Outdoor Corporation's own proxy. As printed: 11,904,992. View filing ↗
Under Armour, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-15. CEO total compensation as printed in Under Armour, Inc.'s own proxy. As printed: 11,597,975. View filing ↗
Crocs, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Crocs, Inc.'s own proxy. As printed: 10,958,007. View filing ↗
Wolverine World Wide, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Wolverine World Wide, Inc.'s own proxy. As printed: 10,854,729. View filing ↗
Acushnet Holdings Corp. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Acushnet Holdings Corp.'s own proxy. As printed: 10,635,556. View filing ↗
Yeti Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Yeti Holdings, Inc.'s own proxy. As printed: 7,697,528. View filing ↗
Helen of Troy Limited, Section 10b CEO total. DEF 14A, filed 2026-06-24. CEO total compensation as printed in Helen of Troy Limited's own proxy. As printed: 4,433,124. View filing ↗
Columbia Sportswear Company, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Columbia Sportswear Company's own proxy. As printed: 3,036,220. View filing ↗
Section 10a, Under Armour, Inc. reciprocity. DEF 14A. Under Armour, Inc.'s most recent proxy was read; its disclosed peer group does not include Acushnet Holdings Corp.. View filing ↗
Section 10a, Wolverine World Wide, Inc. reciprocity. DEF 14A. Wolverine World Wide, Inc.'s most recent proxy was read; its disclosed peer group does not include Acushnet Holdings Corp.. View filing ↗
Section 10a, Deckers Outdoor Corporation reciprocity. DEF 14A. Deckers Outdoor Corporation's most recent proxy was read; its disclosed peer group does not include Acushnet Holdings Corp.. View filing ↗
Section 10a, Callaway Golf Company reciprocity. DEF 14A. Callaway Golf Company names Acushnet Holdings Corp. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, YETI Holdings, Inc. reciprocity. DEF 14A. YETI Holdings, Inc. names Acushnet Holdings Corp. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Helen of Troy Limited reciprocity. DEF 14A. Helen of Troy Limited's most recent proxy was read; its disclosed peer group does not include Acushnet Holdings Corp.. View filing ↗
Section 10a, Kontoor Brands, Inc. reciprocity. DEF 14A. Kontoor Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Acushnet Holdings Corp.. View filing ↗
Section 10a, Crocs, Inc. reciprocity. DEF 14A. Crocs, Inc. names Acushnet Holdings Corp. in its own disclosed peer group (read from its most recent proxy). View filing ↗