RSU vesting adds Mattel (MAT) shares as tax withholding cuts total
Rhea-AI Filing Summary
Mattel, Inc. executive Steve Totzke reported compensation-related stock activity on April 28, 2026 tied to a previously granted restricted stock unit (RSU) award.
The final 34% of a 45,833-unit RSU grant vested, converting 15,584 RSUs into the same number of common shares. To cover required taxes at vesting, 7,930 shares of Mattel common stock were automatically withheld, leaving Totzke with the remaining shares from this vesting event.
After these transactions, Totzke directly held 194,994 shares of Mattel common stock. He also had an indirect position of 19,098 shares held in Mattel’s 401(k) Personal Investment Plan stock fund, based on a $282,465.50 account balance as of April 28, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,654 shares
Net Buy
4 txns
Insider
TOTZKE STEVE
Role
President, Chief Comm Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,584 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,584 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,930 | $14.79 | $117K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 194,994 shares (Direct);
Common Stock — 19,098 shares (Indirect, In 401(k))
Footnotes (3)
- F1. As reported on a Form 4 dated April 28, 2023 and filed on May 2, 2023, the Reporting Person received a grant of 45,833 Restricted Stock Units ("RSUs" or "Units") on April 28, 2023. The RSUs vested 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 received one share of Mattel, Inc. Common Stock, subject to tax withholding. On April 28, 2026, the final 34% of these RSUs vested, resulting in the issuance of 15,584 shares of Mattel, Inc. Common Stock.
- F2. Pursuant to the terms of the April 28, 2023 RSU grant, 7,930 shares of Mattel, Inc. Common Stock were automatically withheld at vesting to cover required tax withholding.
- F3. As of April 28, 2026, the Reporting Person had a balance of $282,465.50 in the Mattel Stock Fund of Mattel, Inc.'s 401(k) plan, the Personal Investment Plan ("PIP"). The number of shares has been calculated by the third-party administrator for the PIP.
Key Figures
RSUs vested: 15,584 units
Shares withheld for taxes: 7,930 shares
Direct holdings after transaction: 194,994 shares
+3 more
6 metrics
RSUs vested
15,584 units
Final 34% of 45,833-unit grant vested on April 28, 2026
Shares withheld for taxes
7,930 shares
Automatically withheld at RSU vesting to cover tax obligations
Direct holdings after transaction
194,994 shares
Common stock directly owned by Steve Totzke after April 28, 2026
Indirect 401(k) holdings
19,098 shares
Mattel Stock Fund position in Personal Investment Plan as of April 28, 2026
401(k) stock fund balance
$282,465.50
Value of Mattel Stock Fund holding in the PIP on April 28, 2026
Original RSU grant size
45,833 units
RSUs granted April 28, 2023 with 3-year vesting schedule
Key Terms
Restricted Stock Units, RSUs, tax withholding, Mattel Stock Fund, +2 more
6 terms
Restricted Stock Units financial
"the Reporting Person received a grant of 45,833 Restricted Stock Units ("RSUs" or "Units")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"On April 28, 2026, the final 34% of these RSUs vested, resulting in the issuance of 15,584 shares"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding financial
"shares of Mattel, Inc. Common Stock were automatically withheld at vesting to cover required tax withholding"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Mattel Stock Fund financial
"had a balance of $282,465.50 in the Mattel Stock Fund of Mattel, Inc.'s 401(k) plan"
401(k) plan financial
"Mattel Stock Fund of Mattel, Inc.'s 401(k) plan, the Personal Investment Plan ("PIP")"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Personal Investment Plan financial
"Mattel, Inc.'s 401(k) plan, the Personal Investment Plan ("PIP")"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock activity did Steve Totzke report at Mattel (MAT)?
Steve Totzke reported RSU-related stock activity, not an open-market trade. On April 28, 2026, 15,584 restricted stock units converted into common shares, and 7,930 of those shares were withheld to satisfy tax obligations under the RSU grant terms.
How many Mattel (MAT) RSUs vested for Steve Totzke on April 28, 2026?
On April 28, 2026, the final 34% of a 45,833-unit RSU grant vested for Steve Totzke, resulting in 15,584 Mattel common shares. These shares came from an RSU award originally granted on April 28, 2023 with three annual vesting tranches.
What indirect Mattel (MAT) holdings does Steve Totzke have in the 401(k) plan?
As of April 28, 2026, Steve Totzke had a $282,465.50 balance in the Mattel Stock Fund within Mattel’s Personal Investment Plan, its 401(k). The plan administrator calculated this as 19,098 shares of Mattel common stock held indirectly through the retirement plan.
Were Steve Totzke’s Mattel (MAT) transactions open-market buys or sells?
No, the reported transactions were compensation-related. They included RSU vesting that converted 15,584 units into common shares and a tax-withholding disposition of 7,930 shares, rather than discretionary open-market purchases or sales of Mattel stock.