Mattel names Peter Griffith CFO starting October 20
Griffith’s offer includes performance- and service-based equity awards, with a new-hire PSU tied to a three-year performance period and continued employment.
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Rhea-AI Filing Summary
Mattel announced Peter Griffith’s appointment as CFO and non-independent director, effective October 20, 2026. He succeeds Paul Ruh, who will serve as Executive Advisor through December 31, 2026, when his employment ends. Adriana Cisneros resigned from Mattel’s Board on October 18, 2026.
Griffith’s offer provides a $1,300,000 annual base salary, a target bonus of 100% of base salary, up to 200%, beginning with the 2027 performance year, and a $1,400,000 signing bonus. His equity awards include a $3,300,000 new-hire PSU subject to a three-year performance period, a relative total shareholder return equal to or above the 55th percentile of S&P 500 constituents, and continued employment. The offer also includes $1,000,000 in prorated 2026 RSUs, $2,500,000 in 2027 RSUs, and $2,500,000 in 2027 PSUs. The RSUs vest in three substantially equal annual installments, subject to continued employment. Ruh will receive salary at an annual rate of $950,000 through December 31, 2026; if his separation qualifies as a Covered Termination, benefits include monthly COBRA premium payments for up to 24 months.
Filing Explained
Griffith’s
8-K Event Classification
Key Figures
Key Terms
performance-based restricted stock unit financial
restricted stock units financial
Covered Termination financial
Mattel Incentive Plan financial
FAQ
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