Form 4: Mattel Executive Steve Totzke Reports Stock Transactions Following RSU Vesting

Steve Totzke, President and Chief Commercial Officer of Mattel Inc., reports the vesting of restricted stock units and subsequent stock transactions.

Summary

• On August 2, 2024, Steve Totzke, President and Chief Commercial Officer of Mattel Inc., had 7,760 restricted stock units (RSUs) vest, resulting in the issuance of 7,760 shares of Mattel Inc. common stock.
• 3,933 shares were withheld to cover required tax withholding at a price of $18.92 per share.
• Following these transactions, Totzke directly owns 105,729 shares of Mattel common stock.
• Totzke also indirectly owns 19,099 shares through the Mattel Stock Fund of Mattel, Inc.'s 401(k) plan, valued at $349,907.83 as of August 5, 2024.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of key personnel.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are standard practice among publicly traded companies like Mattel.
• Companies such as Hasbro, Spin Master, and Jakks Pacific also utilize similar equity-based compensation to align executive interests with shareholder value.
• The vesting schedules and tax withholding practices described are typical for RSU grants.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive compensation and ownership.
• The transactions have a minimal impact on the overall stock supply.

Key Dates