Form 4: Mattel SVP & Corporate Controller Hugh Yoon J. Reports Stock Transactions

Hugh Yoon J., SVP & Corporate Controller of Mattel Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On August 2, 2024, Hugh Yoon J., SVP & Corporate Controller of Mattel Inc., had 2,910 Restricted Stock Units (RSUs) vest, resulting in the issuance of 2,910 shares of Mattel, Inc. Common Stock.
• Also on August 2, 2024, 1,039 shares of Mattel, Inc. Common Stock were automatically withheld to cover required tax withholding related to the RSU vesting at a price of $18.92.
• Following these transactions, Hugh Yoon J. directly owns 17,067 shares of Mattel Inc. Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting routine compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This is a routine disclosure of insider transactions, specifically the vesting of previously granted stock options. It's a common practice for companies to grant stock options or RSUs to executives as part of their compensation packages.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, particularly in the technology and consumer goods sectors, to align management's interests with those of shareholders.
• Companies like Hasbro (HAS) and Jakks Pacific (JAKK) also utilize stock options and RSUs as part of their executive compensation packages.
• The vesting schedules and amounts of stock-based compensation vary depending on the company's size, performance, and industry standards.

Stakeholder Impact

• The vesting of RSUs has a minor dilutive effect on existing shareholders.
• The tax withholding represents a cash outflow for the company.

Key Dates