Form 4: Mattel Executive Steve Totzke Reports Changes in Beneficial Ownership

Mattel's President and Chief Commercial Officer, Steve Totzke, reports acquisition and disposal of Mattel common stock, including shares withheld for tax obligations and holdings in the company's 401(k) plan.

Summary

• On February 3, 2025, Steve Totzke, President and Chief Commercial Officer of Mattel Inc., reported changes in his beneficial ownership of Mattel common stock.
• He acquired 16,203 shares of common stock at $0.
• He disposed of 6,029 shares to cover tax withholding at a price of $17.78 per share.
• Following these transactions, Totzke directly owns 115,903 shares of Mattel common stock.
• Additionally, he indirectly owns 19,099 shares through the Mattel Stock Fund in Mattel's 401(k) plan, valued at $345,125.22 as of February 4, 2025.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Hasbro and Jakks Pacific, reflecting their individual stock transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Beneficial Ownership, Form 4, Mattel, Stock, Totzke, SEC