Mattel Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 15,987,418 shares of Common Stock, representing 5.29% of the class as of 03/31/2026. The filing states voting and dispositive power split: sole voting power 2,329,928 and sole dispositive power 15,987,418. The filing notes the position reflects holdings across Vanguard affiliates and funds.
Mattel, Inc. reported first quarter 2026 results with Net Sales of $862 million, up 4% as reported and 1% in constant currency, driven by strong International growth partially offset by lower North America sales. Reported Gross Margin fell to 44.9%, and Adjusted Gross Margin to 45.1%, both down 450 basis points, mainly from tariffs, unfavorable foreign exchange and inflation.
The company posted a reported Operating Loss of $103 million, and an Adjusted Operating Loss of $70 million, both wider than a year ago, while reported Net Income swung to $61 million, helped by a $148 million gain on remeasurement of its Mattel163 stake. Reported EPS was $0.20, with Adjusted EPS at a loss of $0.20. Mattel completed the acquisition of full ownership of the Mattel163 mobile games studio, repurchased $200 million of shares, and reaffirmed its 2026 guidance, modestly raising Adjusted Operating Income and Adjusted EPS ranges by excluding amortization of acquired intangibles.
Mattel Inc. executive Steve Totzke reported routine equity compensation activity. On April 24, 2026, 20,100 Restricted Stock Units converted into an equal number of Mattel common shares as the second 33% of a 60,910-unit grant vested.
At vesting, 10,227 common shares were automatically withheld to cover required tax withholding, a non-market disposition, leaving 187,340 common shares held directly after these transactions. Totzke also holds 19,098 common shares indirectly in Mattel’s 401(k) Mattel Stock Fund, with a balance of $281,128.60 as of April 27, 2026.
Mattel Chairman & CEO Ynon Kreiz reported routine equity compensation activity tied to previously granted Restricted Stock Units (RSUs). On April 24, 2026, 47,347 RSUs vested, generating an equal number of Mattel common shares. To satisfy required taxes, 24,091 of those shares were automatically withheld.
After these transactions, Kreiz directly held 1,817,473 shares of Mattel common stock and 48,782 RSUs. The filing reflects an exercise-and-hold pattern with tax withholding, not an open-market purchase or sale.
Mattel EVP & Chief Supply Chain Officer Isaias Zanatta Roberto Jacobo had 13,400 Restricted Stock Units from an April 25, 2024 grant vest on April 24, 2026, converting into 13,400 shares of Common Stock. 6,818 shares were automatically withheld to cover tax obligations, and he now directly holds 167,611 shares of Mattel Common Stock.
Mattel SVP & Corporate Controller Hugh Yoon reported routine equity compensation activity involving restricted stock units and related tax withholding. On April 24, 2026, 4,169 Restricted Stock Units vested, resulting in the same number of Mattel common shares being issued.
Under the grant terms, 1,496 shares of common stock were automatically withheld to satisfy required tax withholding, a non-market disposition. The net result is an increase of shares held, with 33,039 common shares now held directly and 4,296 RSUs remaining outstanding.
Mattel executive Jonathan Anschell reported routine equity compensation activity tied to previously granted Restricted Stock Units (RSUs). On April 24, 2026, 12,507 RSUs from an April 25, 2024 grant vested, converting into the same number of Mattel common shares.
To cover required tax withholding at vesting, 6,364 common shares were automatically withheld and disposed of, a non-market transaction classified as a tax-withholding disposition. Following these transactions, Anschell directly held 111,769 shares of Mattel common stock, reflecting a continuing substantial equity stake.
Mattel asks stockholders to elect ten directors, ratify PricewaterhouseCoopers as auditor, approve executive pay on an advisory basis, and renew its amended 2010 equity and long‑term compensation plan. The proxy also details 2025 results, strategy, governance, and pay practices.
In 2025, net sales fell 1% and gross margin declined 210 basis points to 48.7%, with earnings per share down from $1.58 to $1.24. Mattel delivered $89 million of annual cost savings and $172 million cumulatively under its Optimizing for Profitable Growth program, raising the three‑year gross savings target to $225 million by the end of 2026.
The company ended 2025 with $1.2 billion in cash after repurchasing $600 million of stock, part of more than $1.2 billion repurchased since 2023, representing about 18% of shares outstanding. The board also authorized a new $1.5 billion share repurchase program expected to run through 2028, alongside a brand‑centric strategy focused on IP‑driven toys, entertainment, and digital play.
Mattel, Inc. announced a leadership transition in its global commercial organization. Effective May 1, 2026, longtime executive Steve Totzke will step down as President and Chief Commercial Officer and be succeeded as Chief Commercial Officer by Sanjay Luthra, who will oversee worldwide sales and commercial operations and report to Chairman and CEO Ynon Kreiz.
To support continuity, Totzke will serve as Executive Advisor and President, Strategic Transition through December 31, 2026, retaining his current compensation during this period and then receiving severance, benefits, and certain accelerated equity vesting under existing company plans. Mattel also highlighted Luthra’s track record leading the EMEA and global direct-to-consumer businesses as he moves to the company’s El Segundo headquarters.