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 (RSUs) and subsequent stock transactions.

Summary

• Jonathan Anschell, EVP and Chief Legal Officer & Secretary of Mattel Inc., reported changes in beneficial ownership of Mattel's common stock.
• On April 28, 2024, 13,108 shares were acquired due to the vesting of restricted stock units (RSUs) granted on April 28, 2023.
• 6,644 shares were withheld on April 28, 2024, at a price of $18.36 to cover tax obligations related to the RSU vesting.
• On April 29, 2024, 6,617 shares were acquired due to the vesting of RSUs granted on April 29, 2022.
• 3,354 shares were withheld on April 29, 2024, at a price of $18.49 to cover tax obligations related to the RSU vesting.
• Following these transactions, Anschell directly owns 52,222 shares of Mattel common stock and 6,819 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, so the sentiment is neutral.

Positives

• The vesting of RSUs indicates that the executive is meeting the conditions of their compensation package.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates