Joe E. Kiani - 28 Feb 2024 Form 4 Insider Report for MASIMO CORP (MASI)

Role
CEO and Chairman of the Board, Director
Signature
By: /s/ Micah Young, Attorney-in-Fact
Issuer symbol
MASI
Transactions as of
28 Feb 2024
Transactions value $
-$505,662
Form type
4
Filing time
01 Mar 2024, 21:35:09 UTC
Previous filing
30 May 2023
Next filing
12 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MASI Common Stock Award $0 +10.1K +2.75% $0.00 376K 28 Feb 2024 Direct F1
transaction MASI Common Stock Tax liability -$506K -3.93K -1.04% $128.70 372K 28 Feb 2024 Direct F2
holding MASI Common Stock 46.8K 28 Feb 2024 By Trust F3
holding MASI Common Stock 353K 28 Feb 2024 By Trust F3
holding MASI Common Stock 359K 28 Feb 2024 By Trust F3
holding MASI Common Stock 2.25M 28 Feb 2024 By Trust F4
holding MASI Common Stock 10.4K 28 Feb 2024 See Footnote F5
holding MASI Common Stock 51.7K 28 Feb 2024 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MASI Non-Qualified Stock Option (Right to Buy) Award $0 +57.4K $0.00 57.4K 01 Mar 2024 Common Stock 57.4K $126.49 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 26, 2021, the Reporting Person was granted performance restricted stock units which vested on February 28, 2024 based on the Issuer's achievement of certain FY2023 pre-established performance objectives.
F2 These shares were withheld by the Issuer in order to satisfy certain tax withholding obligations in connection with the issuance of shares upon the vesting of certain performance restricted stock units.
F3 Shares held in three trusts for which Mr. Kiani is the sole Trustee.
F4 Shares held in one trust for which Mr. Kiani is the sole trustee.
F5 Shares held in Masimo Retirement Savings Plan.
F6 This option was granted on March 1, 2024 and is exercisable as the option vests. The option vests over a five year period, with 20% of the shares subject to the option vesting on each anniversary of the grant date.