Mattel director settles 2,208 RSUs into shares
Mattel director Noreena Hertz exercised previously granted Restricted Stock Units that were fully vested, converting 2,208 RSUs into 2,208 shares of Mattel common stock.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Mattel director Noreena Hertz exercised previously granted Restricted Stock Units that were fully vested, converting 2,208 RSUs into 2,208 shares of Mattel common stock. To satisfy required taxes at settlement, 442 shares were automatically withheld at a price of $14.30 per share, leaving her with 1,766 shares held directly.
Insider Trade Summary
2,208 shares exercised/converted
Exercise
3 txns
Insider
Hertz Noreena
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,208 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,208 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 442 | $14.30 | $6K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 1,766 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 2,208 to 0 contracts (Direct);
Common Stock, 0 to 1,766 shares (Direct)
Footnotes (2)
- F1. As reported on a Form 4 dated March 29, 2023 and filed on March 31, 2023, the Reporting Person received a grant of 2,208 Restricted Stock Units ("RSUs") on March 29, 2023. The RSUs were fully vested on the grant date and are settled on the third anniversary of the grant date. On March 27, 2026, 100% of these RSUs were settled, resulting in the issuance of 2,208 shares of Mattel, Inc. Common Stock.
- F2. Pursuant to the terms of the March 29, 2023 RSU grant, 442 shares of Mattel, Inc. Common Stock were automatically withheld at vesting to cover required tax withholding.
Key Figures
RSUs granted: 2,208 units
Shares issued at settlement: 2,208 shares
Shares withheld for taxes: 442 shares at $14.30
+2 more
5 metrics
RSUs granted
2,208 units
Restricted Stock Units granted March 29, 2023
Shares issued at settlement
2,208 shares
RSUs settled into Mattel common stock on March 27, 2026
Shares withheld for taxes
442 shares at $14.30
Automatically withheld to cover required tax withholding
Net shares held after transaction
1,766 shares
Common stock held directly by Noreena Hertz following settlement
Exercise price of RSUs
$0.00 per unit
RSUs converted to common stock without cash exercise cost
Key Terms
Restricted Stock Units, tax withholding, Form 4
3 terms
Restricted Stock Units financial
"the Reporting Person received a grant of 2,208 Restricted Stock Units ("RSUs") on March 29, 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.
tax withholding financial
"442 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.
Form 4 regulatory
"As reported on a Form 4 dated March 29, 2023 and filed on March 31, 2023, the Reporting Person received a grant"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mattel (MAT) director Noreena Hertz report?
Noreena Hertz reported the settlement of 2,208 Restricted Stock Units into 2,208 shares of Mattel common stock. These RSUs were granted in March 2023 and settled on their third anniversary, reflecting equity compensation rather than an open-market share purchase or sale.
Was the Mattel (MAT) insider transaction an open-market sale or a tax withholding?
The disposition of 442 Mattel shares was a tax withholding event, not an open-market sale. Shares were automatically withheld at $14.30 per share to satisfy tax obligations triggered by the RSU settlement, a common feature of equity compensation programs.
What are the key details of Noreena Hertz’s March 29, 2023 RSU grant at Mattel (MAT)?
Noreena Hertz received 2,208 Restricted Stock Units on March 29, 2023. The RSUs were fully vested on the grant date and were structured to settle in Mattel common stock on the third anniversary, resulting in 2,208 shares issued when they settled on March 27, 2026.
How is the Mattel (MAT) Form 4 transaction by Noreena Hertz categorized?
The Form 4 shows a derivative exercise and related tax withholding. One transaction reflects the conversion of 2,208 vested RSUs into common stock, while a separate F-code transaction records 442 shares withheld automatically to cover tax liabilities due at settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
