Laursen Soren T 4

What Happened

• Soren T. Laursen, a director of Mattel (MAT), had 8,594 restricted stock units (RSUs) convert/settle into 8,594 shares on May 15, 2026. The Form 4 records an acquisition via conversion of a derivative security (8,594 shares) and a matching disposition line reported at $0.00 (no cash proceeds reported). This was an RSU settlement, not an open-market buy or sale.

Key Details

• Transaction date: May 15, 2026. Form 4 filed: May 19, 2026 (appears later than the typical 2-business-day Form 4 deadline).
• Reported amounts: 8,594 shares acquired on conversion; 8,594 shares shown as disposed at $0.00 (derivative line).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnote: These RSUs were granted May 15, 2023, fully vested on grant date, and were scheduled to settle on the third anniversary; the settlement on May 15, 2026 issued 8,594 shares.
• No 10b5-1 plan or sale-for-cash is indicated in the filing.

Context

• This was a derivative conversion/RSU settlement (Form code M), not a market purchase or sale. The $0.00 disposition line reflects the settlement/conversion mechanics recorded on the Form 4 rather than a cash sale of shares. Such RSU settlements are typically a compensation/tax event and do not by themselves signal insider buying or selling sentiment.