Benner Tim 4

What Happened Tim Benner, Chief Marketing Officer of Masimo Corp (MASI), was granted 6,128 restricted stock units (RSUs) on March 6, 2026. The Form 4 reports this as a derivative award at $0.00 per unit (no cash paid and no immediate shares delivered). The filing reflects a compensation grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026.
• Transaction type: Award/Grant (code A) — 6,128 RSUs; price shown $0.00.
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes: F1 — each RSU converts to one common share upon vesting; F2 — RSUs vest ratably over four years (25% on each anniversary of the grant).
• This is a compensation award (derivative); not an immediate purchase or sale.

Context RSUs are a common form of executive compensation and only become actual shares when they vest. Under the stated schedule, roughly 1,532 shares (6,128 ÷ 4) would vest on each anniversary, subject to service and plan terms. Such grants generally reflect pay structure and retention incentives rather than a direct insider market signal.