Mattel raises CEO Roger Lynch's change — in — control severance multiplier to 2.99 times through 2028

Mattel amended CEO Roger Lynch's compensation agreement on October 12, 2026, setting his start date and equity award grants for that date. Qualifying change-in-control terminations through December 31, 2028, trigger cash severance at 2.99 times the applicable base, versus two times previously. Changes of control through December 31, 2028, also trigger excise-tax reimbursement on covered payments, subject to limitations. Make-whole awards comprise 461,538 restricted stock units; inducement awards comprise 461,538 performance-based restricted stock units. The 2026 annual long-term incentive award comprises 461,538 performance-based restricted stock units at target and 307,692 restricted stock units. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mattel Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and