Cisneros Adriana 4

What Happened

• Adriana Cisneros, a director of Mattel, was granted 11,753 restricted stock units (RSUs) on May 28, 2026. The Form 4 records the grant as an award/derivative (transaction code A) at $0.00 per unit (no cash exchanged).
• The RSUs are accompanied by dividend equivalent rights and are fully vested on the grant date, but they are scheduled to be settled (converted into one share of common stock per RSU) generally on the third anniversary of the grant—or later—under Mattel’s Deferred Compensation Plan for Non-Employee Directors.

Key Details

• Transaction date: May 28, 2026; filing date: June 1, 2026 (Form 4 accession 0001749229-26-000004). The filing appears to be timely.
• Transaction type/code: Award of RSUs (A); derivative security reported at $0.00 per unit.
• Shares/units granted: 11,753 RSUs. Total immediate cash value not shown on the Form 4 (units are recorded at $0.00).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: RSUs granted under the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan and include dividend equivalent rights (F1). RSUs are fully vested at grant but generally settle on the third anniversary per the Deferred Compensation Plan; upon settlement each vested RSU converts to one share of common stock (F2).

Context

• This is an equity award (deferred compensation) rather than an open-market buy or sale. Because settlement is deferred, the grant does not immediately increase Cisneros’s registered shares of common stock; it creates a future right to receive shares.
• Such director RSU grants are common for non-employee directors as part of compensation and are not itself a directional signal to buy or sell the stock.