Form 4: Mattel Executive Steve Totzke Reports Stock Transactions

Mattel's President and Chief Communications Officer, Steve Totzke, reported an acquisition of 65,773 shares and a disposition of 26,709 shares for tax withholding.

Summary

• Steve Totzke, President, Chief Communications Officer of Mattel Inc. (MAT), reported changes in his beneficial ownership of common stock.
• On February 9, 2026, Totzke acquired 65,773 shares of common stock at a price of $0 per share.
• On the same date, 26,709 shares of common stock were disposed of at a price of $21.54 per share to cover required tax withholding.
• Following these transactions, Totzke directly beneficially owns 177,467 shares of common stock.
• Additionally, Totzke indirectly beneficially owns 19,099 shares of common stock in the Mattel Stock Fund of Mattel, Inc.'s 401(k) plan (Personal Investment Plan or 'PIP').
• As of February 10, 2026, the balance in the Mattel Stock Fund of the PIP was $411,383.78.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event. While there was a disposition of shares, it was for routine tax withholding. The underlying acquisition of shares at $0 represents a grant or vesting, increasing the executive's overall stake and aligning interests with shareholders.

Positives

• Steve Totzke acquired 65,773 shares of common stock, increasing his direct ownership and aligning his interests further with shareholders.
• The net increase in direct beneficial ownership after the transactions is 39,064 shares (65,773 acquired 26,709 disposed for taxes).

Negatives

• 26,709 shares of common stock were disposed of to cover required tax withholding, reducing direct share count.

Future Outlook

NA

Industry Context

StockSavvy.ai notes this Form 4 details an executive's personal stock transactions, which are routine disclosures and do not typically reflect broader industry trends or specific company performance beyond the executive's equity compensation structure.

Stakeholder Impact

• Shareholders: The increase in direct beneficial ownership by a key executive generally signals continued confidence and alignment with shareholder interests.

Key Dates

Recommendation

This Form 4 details routine insider transactions related to executive compensation and tax withholding. It does not provide new fundamental information about Mattel's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing alone does not alter the investment thesis.

Keywords

Mattel, MAT, Steve Totzke, Insider Trading, Form 4, Beneficial Ownership, Stock Transactions, Equity Compensation, Tax Withholding