Form 4: Director Noreena Hertz Receives Mattel Equity Grant
Director Equity Grant
Mattel Director Noreena Hertz was granted 11,753 fully vested restricted stock units as part of the company's long-term compensation plan.
Summary
- Director Noreena Hertz received a grant of 11,753 Restricted Stock Units (RSUs) on May 28, 2026.
- The grant was issued under the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan.
- The RSUs are fully vested upon the date of grant.
- Settlement of the units into common stock is generally scheduled for the third anniversary of the grant date, subject to deferred compensation plan terms.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative disclosure regarding director compensation.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
Negatives
- None identified; this is a standard director compensation disclosure.
Risks
- None identified; this is a standard director compensation disclosure.
Future Outlook
The RSUs are scheduled to settle into common stock on the third anniversary of the grant date, May 28, 2029, unless deferred under the company's compensation plan.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice in the consumer goods and toy industry to ensure board members maintain a vested interest in company performance.
Comparison to Industry Standards
- The grant structure is consistent with standard equity compensation practices for S&P 500 and mid-cap company directors.
- Full vesting at grant is a common feature for non-employee director compensation packages in the U.S. market.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Grant of 11,753 RSUs to Director Noreena Hertz. | 05/28/2026 | Standard alignment of director incentives. |
Stakeholder Impact
- Minimal impact on shareholders; represents standard director compensation.
Next Steps
- Settlement of RSUs into common stock on or after May 28, 2029.
Key Dates
| Date | Description |
|---|---|
| 05/28/2026 | Date of RSU grant and earliest transaction. |
| 06/01/2026 | Date of filing. |
Keywords
Mattel, MAT, Director Compensation, Restricted Stock Units, Equity Grant, Insider Transaction
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