Yoon J. Hugh - Apr 28, 2023 Form 4 Insider Report for MATTEL INC /DE/ (MAT)

Role
SVP & Corporate Controller
Signature
/s/ Tiffani Magri, Attorney-in-Fact for Yoon J. Hugh
Stock symbol
MAT
Transactions as of
Apr 28, 2023
Transactions value $
-$14,796
Form type
4
Date filed
5/2/2023, 08:41 PM
Previous filing
Feb 9, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAT Common Stock Options Exercise +2.38K +6.78% 37.4K Apr 28, 2023 Direct F1
transaction MAT Common Stock Tax liability -$14.8K -822 -2.2% $18.00 36.6K Apr 28, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MAT Restricted Stock Units Options Exercise $0 -2.38K -32.99% $0.00 4.82K Apr 28, 2023 Common Stock 2.38K Direct F1
transaction MAT Restricted Stock Units Award $0 +13K $0.00 13K Apr 28, 2023 Common Stock 13K Direct F3, F4
transaction MAT Restricted Stock Units Award $0 +1.62K $0.00 1.62K Apr 28, 2023 Common Stock 1.62K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As reported on a Form 4 dated April 29, 2022 and filed on May 3, 2022, the Reporting Person received a grant of 7,199 Restricted Stock Units ("RSUs" or "Units") on April 29, 2022. The RSUs vest as to (a) 33% of the Units granted on the first anniversary of the date of grant, (b) an additional 33% of the Units granted on the second anniversary of the date of grant, and (c) the remaining 34% of the Units granted on the third anniversary of the date of grant. On each vesting date, for each Unit vesting on such date, the Reporting Person will receive one share of Mattel, Inc. Common Stock, subject to tax withholding. On April 28, 2023, the first 33% of these RSUs vested, resulting in the issuance of 2,375 shares of Mattel, Inc. Common Stock.
F2 Pursuant to the terms of the April 29, 2022 RSU grant, 822 shares of Mattel, Inc. Common Stock were automatically withheld at vesting to cover required tax withholding.
F3 The RSUs were granted on April 28, 2023 pursuant to the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan, as amended (the "Plan"). Each Unit represents a contingent right to receive one share of Mattel, Inc. Common Stock (or, at the election of Mattel, Inc., a cash amount equal to the fair market value of such share).
F4 The RSUs vest as to (a) 33% of the Units granted on the first anniversary of the date of grant, (b) an additional 33% of the Units granted on the second anniversary of the date of grant, and (c) the remaining 34% of the Units granted on the third anniversary of the date of grant. On each vesting date, for each Unit vesting on such date, the Reporting Person will receive one share of Mattel, Inc. Common Stock (or, at the election of Mattel, Inc., a cash amount equal to the fair market value of one share of Common Stock on the date of vesting), subject to tax withholding.
F5 The RSUs vest as to 100% of the Units granted on the second anniversary of the date of grant. For each Unit vesting on such date, the Reporting Person will receive one share of Mattel, Inc. Common Stock (or, at the election of Mattel, Inc., a cash amount equal to the fair market value of one share of Common Stock on the date of vesting), subject to tax withholding.