Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
Market Information
Mattel's common stock, par value $1.00 per share, is traded under the symbol "MAT" on The Nasdaq Global Select Market.
Holders of Record
As of February 6, 2025, Mattel had approximately 14,000 holders of record of its common stock.
Dividends
See Part II, Item 8 "Financial Statements and Supplementary Data—Note 7 to the Consolidated Financial Statements —Stockholders' Equity—Dividends."
Recent Sales of Unregistered Equity Securities
During the fourth quarter of 2024, Mattel did not sell any unregistered equity securities.
Issuer Purchases of Equity Securities
During 2024, Mattel repurchased 21.0 million shares of its common stock at a cost of $400.0 million. During 2023, Mattel repurchased 10.4 million shares of its common stock at a cost of $203.0 million. During 2022, Mattel did not repurchase any shares of its common stock.
The following table provides certain information with respect to Mattel's purchases of its common stock during the fourth quarter of 2024:
Total Number of Shares Purchased (a) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (b)
(In millions)
Period:
October 1 - 31 1,122,377 $ 19.66 1,119,197 $ 709.7
November 1 - 30 5,784,466 18.98 5,780,765 600.0
December 1 - 31 1,940 17.79 — 600.0
Total 6,908,783 $ 19.09 6,899,962 $ 600.0
(a) The total number of shares purchased includes 8,821 shares withheld from employees to satisfy minimum tax withholding obligations that occur upon settlement of equity awards, which were not purchased as part of a publicly announced repurchase plan or program.
(b) On February 5, 2024, the Board of Directors authorized a $1.00 billion share repurchase program. As of December 31, 2024, Mattel had a remaining authorization of $600.0 million under the program. Repurchases under the share repurchase program will take place from time to time, depending on market conditions. Mattel's share repurchase program has no expiration date.
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Performance Graph
The following graph compares the performance of Mattel's common stock with that of the S&P 500 Index and the S&P 500 Consumer Discretionary Index. The Cumulative Total Return listed below assumes an initial investment of $100 on December 31, 2019 and reinvestment of dividends.
December 31,
2019 2020 2021 2022 2023 2024
Cumulative Total Return:
Mattel, Inc. $ 100.00 $ 128.78 $ 159.11 $ 131.66 $ 139.34 $ 130.85
S&P 500 $ 100.00 $ 118.39 $ 152.34 $ 124.73 $ 157.48 $ 196.85
S&P 500 Consumer Discretionary $ 100.00 $ 133.30 $ 165.87 $ 104.45 $ 148.63 $ 193.43
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Item 6. Reserved.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the is authoritative for anything you rely on.