What changed
Mattel amended CEO Roger Lynch's offer letter, setting his start date as October 12, 2026, with equity grants made that day instead of month-end. The awards consist of 461,538 make-whole restricted stock units, 461,538 inducement performance-based restricted stock units, 461,538 performance-based restricted stock units at target, and 307,692 restricted stock units. For a change-of-control covered termination on or before December 31, 2028, his cash severance multiplier rises to 2.99 times from two times, plus excise tax gross-up protections.
Why it matters
Mattel amended CEO Roger Lynch's offer letter, setting his start date as October 12, 2026, with equity grants made that day instead of month-end. The awards consist of 461,538 make-whole restricted st
← Dashboard
Oct 15, 2026 12:49 PM ET