Form 4: Mattel SVP Hugh Yoon Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
SVP & Corporate Controller of Mattel, Hugh Yoon, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On April 25, 2025, Hugh Yoon, SVP & Corporate Controller of Mattel, had 4,168 Restricted Stock Units (RSUs) vest, resulting in the issuance of 4,168 shares of Mattel, Inc. Common Stock.
- 1,492 shares were withheld to cover required tax withholding at a price of $15.68 per share.
- Following these transactions, Yoon directly owns 20,856 shares of Mattel Common Stock and 8,465 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The remaining RSUs will vest in two tranches: 33% on the second anniversary of the grant date and 34% on the third anniversary, subject to continued employment and tax withholding.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and management's sentiment towards the company's stock.
Comparison to Industry Standards
- Equity compensation, including RSUs, is a common practice among publicly traded companies like Mattel to align management's interests with those of shareholders.
- The vesting schedule of the RSUs (33%, 33%, 34% over three years) is a fairly standard vesting schedule.
- Comparable companies such as Hasbro and Jakks Pacific also utilize similar equity compensation plans for their executives.
Stakeholder Impact
- The vesting of RSUs dilutes existing shareholders' equity to a small degree.
- The transactions reflect the compensation structure for Mattel's executives.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Grant date of 12,633 Restricted Stock Units (RSUs). |
| 04/25/2025 | Vesting date of the first 33% (4,168 units) of the RSUs. |
| 04/29/2024 | Date of previous Form 4 filing regarding the RSU grant. |
| 04/29/2025 | Date of this Form 4 filing. |
Keywords
Mattel, Hugh Yoon, Restricted Stock Units, RSU, Vesting, Form 4, Insider Trading, Stock Options, Equity Compensation
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