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MASIMO CORP·4

May 5, 5:01 PM ET

LANE WENDY E 4

Research Summary

AI-generated summary

Updated

Masimo (MASI) Director Wendy Lane Receives RSU Award $200K

What Happened

  • Wendy E. Lane, a director of Masimo Corp (MASI), received a grant of 1,119 restricted stock units (RSUs) on April 23, 2026 valued at $178.71 each (total $199,976).
  • The filing also reports conversion/exercise activity on April 29, 2026: 1,225 derivative units were converted (reported as “acquired” at $0.00) and those 1,225 shares were immediately disposed (reported as “disposed” at $0.00). The filing shows no cash sale price for that conversion/disposition.

Key Details

  • Grant: 1,119 RSUs on 2026-04-23 at $178.71 per share — total reported value $199,976 (footnote F3).
  • Conversion/disposition: 1,225 derivative units converted and disposed on 2026-04-29 (both reported at $0.00) (footnote F2 relates to earlier RSU grant timing).
  • Shares owned after the transactions: not stated in the information provided in this summary (check the Form 4 for the insider’s post-transaction holdings).
  • Footnotes: F1 explains an RSU is the contingent right to receive one share upon vesting. F2 notes RSUs granted 2025-04-29 vest in full on the earlier of the first anniversary or the next annual meeting (these likely vested 2026-04-29). F3 describes vesting terms for the 2026-04-23 grant.
  • Filing date: Form 4 filed 2026-05-05 reporting transactions from 2026-04-23 and 2026-04-29. Form 4s are generally required within two business days of a transaction; consult the filing for timeliness details.

Context

  • RSUs are awards that convert into actual shares only upon vesting (F1). The April 29 entries are coded as exercise/conversion of a derivative (M) and show the converted shares were disposed the same day — the filing does not report a sale price for that conversion. This pattern can reflect vesting and immediate settlement or other administrative disposition; the Form 4 provides the raw transaction facts but not the insider’s motivation.
  • The April 23 item is an outright grant (an acquisition of derivative awards) worth about $200k; grants are an acquisition of economic exposure rather than an open-market purchase.