Form 4: Mattel Director Judy D. Olian Reports Acquisition of Restricted Stock Units

Director Judy D. Olian reports the acquisition of 9,972 Restricted Stock Units (RSUs) in Mattel, Inc. on May 29, 2024, which are fully vested and will be settled in common stock on the third anniversary of the grant date.

Summary

• On May 29, 2024, Judy D. Olian, a director of Mattel Inc., acquired 9,972 Restricted Stock Units (RSUs).
• The RSUs were granted under the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan, as amended.
• Each RSU represents a contingent right to receive one share of Mattel, Inc. Common Stock and includes dividend equivalent rights.
• The RSUs are fully vested on the date of grant.
• Vested RSUs will generally be settled on the third anniversary of the grant date, with each RSU converting into one share of Mattel, Inc. Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard equity grant to a director. It doesn't inherently indicate positive or negative performance, but rather a routine part of executive compensation.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

Vested RSUs will be settled on the third anniversary of the grant date, resulting in the issuance of Mattel, Inc. Common Stock to the reporting person.

Industry Context

This filing is a routine disclosure of equity compensation to a company director, which is a common practice in publicly traded companies to align the interests of management with those of shareholders.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of shareholders, potentially incentivizing actions that increase shareholder value.

Key Dates