Form 4: Mattel Executive Exercises Restricted Stock Units, Sells Shares for Tax Obligations

Roberto Jacobo Isaias Zanatta, EVP & Chief Supply Chain Officer of Mattel Inc., exercised restricted stock units and sold shares to cover tax withholding obligations.

Summary

• On April 25, 2025, Roberto Jacobo Isaias Zanatta, EVP & Chief Supply Chain Officer of Mattel Inc., exercised 13,399 restricted stock units (RSUs) that vested.
• These RSUs were part of a grant of 40,606 RSUs awarded on April 25, 2024, which vest in three tranches: 33% on the first anniversary, 33% on the second, and 34% on the third.
• Upon vesting, each RSU converts into one share of Mattel, Inc. Common Stock, subject to tax withholding.
• To cover the required tax withholding, 6,805 shares of Mattel, Inc. Common Stock were automatically withheld at a price of $15.68 per share.
• Following these transactions, Zanatta directly owns 121,670 shares of Mattel Common Stock and 27,207 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine transaction related to executive compensation and doesn't indicate any significant positive or negative sentiment.

Future Outlook

The remaining RSUs will vest on the anniversaries of the grant date in 2026 and 2027.

Industry Context

Executive compensation through stock options and RSUs is a common practice in publicly traded companies like Mattel to align management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Hasbro and Jakks Pacific also utilize RSUs as part of their executive compensation packages.
• The vesting schedules and amounts of RSUs granted to Mattel executives are likely benchmarked against industry standards to attract and retain talent.
• Tax withholding practices related to RSU vesting are standard across publicly traded companies.

Stakeholder Impact

• The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
• The tax withholding ensures compliance with tax regulations.

Key Dates

Keywords

Mattel, Restricted Stock Units, RSUs, Form 4, Executive Compensation, Beneficial Ownership, Zanatta, Stock Options, Equity