Form 4: Mattel Executive Jonathan Anschell Reports Stock Transactions Following RSU Vesting

EVP and Chief Legal Officer of Mattel, Jonathan Anschell, reports the vesting of restricted stock units and subsequent stock transactions.

Summary

• On August 2, 2024, Jonathan Anschell, EVP and Chief Legal Officer & Secretary of Mattel Inc., had 7,566 restricted stock units (RSUs) vest, resulting in the issuance of 7,566 shares of Mattel, Inc. common stock.
• These RSUs were part of a grant from August 2, 2021, which vested in three tranches: 33% on the first anniversary, 33% on the second, and the remaining 34% on the third anniversary.
• To cover required tax withholding, 3,835 shares of Mattel, Inc. common stock were automatically withheld at a price of $18.92 per share.
• Following these transactions, Anschell directly owns 55,953 shares of Mattel common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

Executive stock transactions are a routine part of corporate governance and are publicly disclosed to ensure transparency. Vesting schedules and tax withholding are standard practices in executive compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders due to the increase in outstanding shares, but it's unlikely to be significant.

Key Dates