MAT.NASDAQMattel INC /DE/

Form 4: Mattel Executive Exercises Stock Options, Disposes of Shares for Tax Obligations

Sentiment:

SEC Form 4 Filing

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EVP & Chief Supply Chain Officer Roberto Jacobo Isaias Zanatta exercised stock options and disposed of shares to cover tax obligations related to previously granted Restricted Stock Units (RSUs).

Summary

  • On August 2, 2024, Roberto Jacobo Isaias Zanatta, EVP & Chief Supply Chain Officer of Mattel Inc., exercised stock options related to previously granted Restricted Stock Units (RSUs).
  • This resulted in the acquisition of 6,111 shares of Mattel Inc. Common Stock.
  • Simultaneously, 3,098 shares were disposed of at a price of $18.92 to cover tax withholding obligations related to the vesting of the RSUs.
  • Following these transactions, Zanatta directly owns 109,099 shares of Mattel Inc. Common Stock.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. The exercise of stock options and subsequent sale of shares for tax purposes is a common practice.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.

Key Dates

DateDescription
08/02/2021Grant date of 17,971 Restricted Stock Units (RSUs)
08/03/2021Form 4 dated July 31, 2021 was filed.
08/02/2024Exercise of stock options and disposal of shares for tax obligations.
08/06/2024Date of Form 4 signature.

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