TOTZKE STEVE 4

What Happened
Steve Totzke, President and Chief Communications Officer of Mattel, received a stock award of 65,773 shares on February 9, 2026 (reported on Feb 11). To cover required tax withholding, 26,709 of those shares were automatically withheld and disposed at $21.54 per share, generating about $575,312. Using the $21.54 price applied to the withheld shares, the full grant implies an approximate market value of ~$1.42M at that price. The award is a compensation grant (code A); the withholding is a tax-withholding disposition (code F).

Key Details

• Transaction dates: grant and withholding both reported for 2026-02-09; Form 4 filed 2026-02-11.
• Grant: 65,773 shares granted (price reported $0 for the acquisition).
• Withholding: 26,709 shares disposed @ $21.54 each → $575,312 (to cover tax withholding).
• Shares owned after transaction: not specified in the supplied filing details.
• Footnotes: F1 — shares automatically withheld to cover required tax withholding. F2 — balance of $411,383.78 in the Mattel Stock Fund of Totzke’s 401(k) plan; share count for that holding was calculated by the plan administrator.
• Filing timeliness: filed two days after the transaction date (no late filing indicated).

Context
This was a compensation stock award, not an open-market purchase or market-driven sale. The withholding of shares to satisfy tax obligations is a routine administrative step (a cashless-withholding mechanism) and does not by itself signal insider buying or selling intent. For retail investors, purchases are usually more informative about insider sentiment; this filing primarily documents a standard grant and its tax-related withholding.