OSTROFF DAWN 4

What Happened
Dawn Ostroff, a director of Mattel, Inc. (MAT), was granted 11,753 restricted stock units (RSUs) on May 28, 2026. The Form 4 reports the grant as a derivative award with an acquisition price of $0 (no cash paid). The RSUs are fully vested at grant but are generally settled in common stock on the third anniversary of the grant (or later) under Mattel’s Deferred Compensation Plan for Non-Employee Directors; each vested RSU converts to one share upon settlement.

Key Details

• Transaction date: 2026-05-28
• Filing date (Form 4): 2026-06-01
• Transaction type: Award / Grant of RSUs (derivative)
• Amount: 11,753 RSUs
• Reported price/value at grant: $0 (no cash exchanged)
• Vesting/settlement: RSUs are fully vested at grant; settlement generally on the 3rd anniversary (per footnote)
• Dividend equivalents: RSUs include dividend equivalent rights (per footnote)
• Shares owned after transaction: Not disclosed in this filing
• Timeliness: Form filed June 1 covering the May 28 grant; the filing does not indicate a late report

Context
RSUs are a deferred-compensation award that will convert into common shares on the settlement date; because settlement is delayed, this grant does not immediately change Ostroff’s share count or voting power. Grants to non-employee directors are common as board compensation and are not the same as an open‑market purchase (which some investors view as a stronger bullish signal).