GOLF

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted and performance stock units under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted and performance stock units under the Issuer's deferred compensation plan.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $95.00 to $95.53, inclusive. The reporting person undertakes to provide to Acushnet Holdings Corp., any security holder of Acushnet Holdings Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

The Reporting Person has elected to defer receipt of these shares until after such Reporting Person's "separation from service" as a director pursuant to the terms of the Issuer's Independent Director's Deferral Plan and such Reporting Person's plan election.

The Reporting Person has elected to defer receipt of these shares until after such Reporting Person's "separation from service" as a director pursuant to the terms of the Issuer's Independent Director's Deferral Plan and such Reporting Person's plan election.

The Reporting Person has elected to defer receipt of these shares until after such Reporting Person's "separation from service" as a director pursuant to the terms of the Issuer's Independent Director's Deferral Plan and such Reporting Person's plan election.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $91.87 to $92.09, inclusive. The reporting person undertakes to provide to Acushnet Holdings Corp., any security holder of Acushnet Holdings Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.86 to $91.86, inclusive. The reporting person undertakes to provide to Acushnet Holdings Corp., any security holder of Acushnet Holdings Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted and performance stock units under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted and performance stock units under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units deferred under the Issuer's deferred compensation plan.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.60 to $92.84, inclusive. The reporting person undertakes to provide to Acushnet Holdings Corp., any security holder of Acushnet Holdings Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.00 to $99.01, inclusive. The reporting person undertakes to provide to Acushnet Holdings Corp., any security holder of Acushnet Holdings Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

Represents shares received upon settlement of a performance stock unit award.

Reflects shares withheld by the Issuer to satisfy its FICA and related income tax withholding and remittance obligations in connection with the settlement of the performance stock unit award reported herein.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the performance stock until award reported herein.

Reflects shares withheld by the Issuer to satisfy its FICA obligations in connection with the vesting of previously reported restricted stock units.

Represents shares received upon settlement of a performance stock unit award.

Represents shares received upon settlement of a performance stock unit award.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the performance stock until award reported herein.

Represents shares received upon settlement of a performance stock unit award.

Reflects shares withheld by the Issuer to satisfy its FICA obligations in connection with the vesting of previously reported restricted stock units.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the performance stock until award reported herein.

Represents shares received upon settlement of a performance stock unit award.

Represents shares received upon settlement of a performance stock unit award.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the performance stock until award reported herein.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the performance stock until award reported herein.

Represents shares received upon settlement of a performance stock unit award.

Represents shares received upon settlement of a performance stock unit award.

Reflects shares withheld by the Issuer to satisfy its FICA obligations in connection with the settlement of the performance stock unit award reported herein.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the performance stock until award reported herein.

Represents shares received upon settlement of a performance stock unit award.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the performance stock until award reported herein.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of previously reported restricted stock units.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of previously reported restricted stock units.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of previously reported restricted stock units.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of previously reported restricted stock units.

Reflects shares withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of previously reported restricted stock units.