Mattel director settles 8,594 RSUs with tax shares withheld
Mattel director Noreena Hertz reported routine equity compensation activity involving Restricted Stock Units (RSUs) and related tax withholding.
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Form Type
4
Rhea-AI Filing Summary
Mattel director Noreena Hertz reported routine equity compensation activity involving Restricted Stock Units (RSUs) and related tax withholding. On May 15, 2026, 8,594 RSUs granted on May 15, 2023 were fully settled, resulting in the issuance of 8,594 shares of Mattel common stock.
To cover required tax obligations at settlement, 1,719 shares of Mattel common stock were automatically withheld, described as a tax-withholding disposition rather than an open-market sale. After these transactions, Hertz directly held 8,641 shares of Mattel common stock.
Insider Trade Summary
8,594 shares exercised/converted
Exercise
3 txns
Insider
Hertz Noreena
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,594 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,594 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,719 | $15.15 | $26K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 8,641 shares (Direct)
Footnotes (2)
- F1. As reported on a Form 4 dated May 15, 2023 and filed on May 17, 2023, the Reporting Person received a grant of 8,594 Restricted Stock Units ("RSUs") on May 15, 2023. The RSUs were fully vested on the grant date and are settled on the third anniversary of the grant date. On May 15, 2026, 100% of these RSUs were settled, resulting in the issuance of 8,594 shares of Mattel Common Stock.
- F2. Pursuant to the terms of the May 15, 2023 RSU grant, 1,719 shares of Mattel, Inc. Common Stock were automatically withheld at vesting to cover required tax withholding.
Key Figures
RSUs settled: 8,594 units
Shares issued from RSUs: 8,594 shares
Shares withheld for taxes: 1,719 shares
+3 more
6 metrics
RSUs settled
8,594 units
RSU grant dated May 15, 2023, settled May 15, 2026
Shares issued from RSUs
8,594 shares
Mattel common stock issued upon RSU settlement
Shares withheld for taxes
1,719 shares
Automatically withheld at settlement to cover tax withholding
Shares held after transactions
8,641 shares
Total Mattel common stock directly owned post-transaction
Derivative exercises
1 transaction, 8,594 shares
Exercise/conversion of RSUs into common stock
Tax-withholding dispositions
1 transaction, 1,719 shares
Payment of tax liability by delivering securities
Key Terms
Restricted Stock Units, RSUs, tax withholding, derivative security, +1 more
5 terms
Restricted Stock Units financial
"the Reporting Person received a grant of 8,594 Restricted Stock Units ("RSUs") on May 15, 2023"
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
"The RSUs were fully vested on the grant date and are settled on the third anniversary"
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
"1,719 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.
derivative security financial
"transaction_code_description":"Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"transaction_action":"tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Mattel (MAT) director Noreena Hertz report in this Form 4?
Noreena Hertz reported settlement of previously granted Restricted Stock Units and related tax withholding. 8,594 RSUs granted in 2023 were converted into the same number of Mattel common shares on May 15, 2026, with a portion of shares withheld to satisfy tax obligations.
Is the tax-withholding entry for Noreena Hertz an open-market sale of Mattel (MAT) stock?
The tax-withholding entry is not an open-market sale. The Form 4 describes 1,719 shares as “automatically withheld at vesting to cover required tax withholding,” meaning shares were retained by the company to satisfy tax liabilities rather than sold in the market.
What are Restricted Stock Units (RSUs) in the context of this Mattel Form 4?
In this filing, RSUs are stock-based awards that convert into common shares on a settlement date. Hertz received 8,594 RSUs on May 15, 2023 that were fully vested at grant and settled on May 15, 2026, issuing an equal number of Mattel common shares.
Were any derivative securities remaining for Noreena Hertz after this Mattel RSU settlement?
No derivative securities remain from this specific RSU grant. The Form 4 footnotes state that 100% of the 8,594 RSUs granted on May 15, 2023 were settled on May 15, 2026, resulting in issuance of common shares and eliminating that RSU position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
