Mattel awards CEO Ynon Kreiz $15M performance-based RSU; stock must hit $40 for maximum payout

MATTEL INC /DE/

Target value of $15M; 100% performance-vesting over five years ending Sept. 30, 2029.
50% linked to stock price hurdles: $27 (0%), $33.50 (50%), $40 (100%) based on any 30-day average in final three years.
50% linked to relative TSR vs. S&P 500; none earned below 55th percentile, maximum at 85th percentile.
No acceleration except death/disability or qualifying termination in last three years; no single-trigger Change-in-Control vesting.
Grant approved Sept. 11, 2024 by Compensation Committee, citing Kreiz's role in Mattel's IP-driven transformation.

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