secwatch.observer — SEC 8-K summary
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Issuer:     MATTEL INC /DE/ (MAT)
CIK:        0000063276
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0001628280-24-040348
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63276/000162828024040348/0001628280-24-040348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63276/000162828024040348/mat-20240911.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-040348

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer