Form 4: Mattel Director Noreena Hertz Receives Equity Grant of 9,196 Restricted Stock Units

Mattel, Inc. Director Noreena Hertz was granted 9,196 Restricted Stock Units (RSUs) on May 28, 2025, as part of her compensation, which are fully vested upon grant and will settle into common stock on their third anniversary.

Summary

• Noreena Hertz, a Director of Mattel, Inc. (MAT), was granted 9,196 Restricted Stock Units (RSUs) on May 28, 2025.
• The RSUs were granted pursuant to 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.
• The RSUs are fully vested on the date of grant, May 28, 2025.
• Vested RSUs will generally be settled on the third anniversary of the grant date (May 28, 2028) or a later date in accordance with the Mattel, Inc. Deferred Compensation Plan for Non-Employee Directors.
• The RSUs are accompanied by dividend equivalent rights.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects a standard and expected compensation practice that aligns director interests with shareholders. It is not highly impactful on its own but contributes to good corporate governance.

Positives

• The grant of Restricted Stock Units to a director aligns her interests with those of the shareholders, as the value of her compensation is tied to the company's stock performance.
• The transaction is part of an existing, approved equity compensation plan, indicating a structured approach to director remuneration.

Future Outlook

The document indicates that the 9,196 Restricted Stock Units granted to Director Noreena Hertz will generally settle into shares of Mattel, Inc. Common Stock on May 28, 2028, or a later date as per the deferred compensation plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider equity transaction, common across publicly traded companies as part of their executive and director compensation programs. It does not provide insights into broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• The grant of 9,196 Restricted Stock Units to Noreena Hertz, a Director of Mattel, Inc., constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• Settlement of the 9,196 vested Restricted Stock Units into Mattel, Inc. Common Stock on or after May 28, 2028.

Key Dates

Keywords

Mattel, MAT, Form 4, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Insider Transaction, Beneficial Ownership