Mattel raises CEO Roger Lynch's change-in-control severance multiplier to 2.99 times through 2028
Bitget2026/10/14 20:37- 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.
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