Anthony Disilvestro - Apr 28, 2023 Form 4 Insider Report for MATTEL INC /DE/ (MAT)

Signature
/s/ Tiffani Magri, Attorney-in-fact for Anthony DiSilvestro
Stock symbol
MAT
Transactions as of
Apr 28, 2023
Transactions value $
-$99,702
Form type
4
Date filed
5/2/2023, 08:44 PM
Previous filing
Feb 9, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAT Common Stock Options Exercise +12.7K +11.65% 122K Apr 28, 2023 Direct F1
transaction MAT Common Stock Tax liability -$99.7K -5.54K -4.54% $18.00 116K 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 -12.7K -33% $0.00 25.8K Apr 28, 2023 Common Stock 12.7K Direct F1
transaction MAT Restricted Stock Units Award $0 +57.3K $0.00 57.3K Apr 28, 2023 Common Stock 57.3K Direct F3, F4
transaction MAT Employee Stock Option - Right to Buy Award $0 +38.6K $0.00 38.6K Apr 28, 2023 Common Stock 38.6K $18.00 Direct 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 38,564 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 12,726 shares of Mattel, Inc. Common Stock.
F2 Pursuant to the terms of the April 29, 2022 RSU grant, 5,539 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 option was granted on April 28, 2023 pursuant to the Plan. The option vests and becomes exercisable with regard to (a) 33% of the shares granted on the first anniversary of the date of grant, (b) an additional 33% of the shares granted on the second anniversary of the date of grant, and (c) the remaining 34% of the shares granted on the third anniversary of the date of grant.