Form 4: Mattel Director Noreena Hertz Trades Shares
Statement of Changes in Beneficial Ownership
Mattel Director Noreena Hertz reported transactions involving the acquisition and disposition of company stock, including the settlement of Restricted Stock Units.
Summary
- Noreena Hertz, a Director at Mattel Inc., engaged in stock transactions on May 15, 2026.
- Hertz acquired 8,594 shares of Mattel Common Stock upon the settlement of Restricted Stock Units (RSUs) granted on May 15, 2023.
- These RSUs were fully vested on the grant date and settled on the third anniversary, May 15, 2026.
- Concurrently, 1,719 shares were withheld to cover tax obligations related to the RSU settlement.
- Following these transactions, Hertz beneficially owns 8,641 shares of Mattel Common Stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents a standard RSU settlement and tax withholding by a director, rather than a strategic financial event.
Positives
- Director Hertz's RSU grant from May 15, 2023, has fully vested and settled, indicating the fulfillment of prior compensation awards.
- The settlement of RSUs resulted in the acquisition of 8,594 shares of common stock by the director.
Negatives
- 1,719 shares were withheld to cover tax liabilities, reducing the net shares received by the reporting person.
Future Outlook
No specific forward-looking statements or guidance were provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for insider transactions and reflect standard compensation practices like RSU settlements. The withholding of shares for tax purposes is a common and expected part of such transactions.
Stakeholder Impact
- Shareholders: The transaction reflects standard compensation practices and does not indicate a change in the director's investment strategy or confidence in the company beyond the fulfillment of prior awards.
Key Dates
| Date | Description |
|---|---|
| 05/15/2023 | Grant date of Restricted Stock Units (RSUs) to Noreena Hertz. |
| 05/15/2026 | Settlement date of RSUs and transaction date for stock acquisition and tax withholding. |
| 05/17/2023 | Original filing date for a Form 4 related to the RSU grant. |
| 05/19/2026 | Date of the current Form 4 filing. |
Keywords
Mattel Inc, MAT, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, RSU Settlement, Director, Beneficial Ownership
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