Form 4: Mattel SVP Hugh Yoon J. Reports Stock Transactions Following RSU Vesting

Mattel's SVP & Corporate Controller, Hugh Yoon J., reports the vesting of restricted stock units (RSUs) and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On April 28, 2024, Hugh Yoon J., SVP & Corporate Controller of Mattel Inc., had 4,277 Restricted Stock Units (RSUs) vest, resulting in the issuance of 4,277 shares of Mattel Common Stock.
• On the same day, 1,527 shares were withheld to cover tax obligations related to the vesting of the RSUs.
• On April 29, 2024, an additional 2,376 RSUs vested, leading to the issuance of 2,376 shares of Mattel Common Stock.
• 848 shares were withheld on April 29, 2024, to cover tax obligations related to the vesting of these RSUs.
• Following these transactions, Hugh Yoon J. directly owns 15,196 shares of Mattel Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions related to RSU vesting, indicating a neutral sentiment.

Positives

• The vesting of RSUs indicates that Hugh Yoon J. is meeting the conditions of his equity compensation plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Comparison to Industry Standards

• Equity compensation through RSUs is a common practice among publicly traded companies like Mattel to align the interests of executives with those of shareholders.
• Companies like Hasbro, Jakks Pacific, and Spin Master also utilize similar equity compensation plans for their executives.
• The vesting schedules and tax withholding practices described in the filing are standard across the industry.

Stakeholder Impact

• The transactions reported in the Form 4 filing have a minimal direct impact on stakeholders, as they primarily reflect internal compensation arrangements.

Key Dates