Form 4: Masimo Corp Executive Thomas McClenahan Reports Stock Transactions
SEC Form 4
EVP, General Counsel, and Corporate Secretary Thomas Samuel McClenahan of Masimo Corp. reports acquisition and disposal of common stock and derivative securities.
Summary
- On February 28, 2024, Thomas Samuel McClenahan acquired 1,004 shares of Masimo Corp. common stock at $0 and disposed of 394 shares at $128.70 to cover tax obligations.
- Following these transactions, McClenahan directly owns 36,747 shares of Masimo Corp. common stock.
- On March 1, 2024, McClenahan was granted 11,954 non-qualified stock options with an exercise price of $126.49, vesting over five years, and 30,000 restricted stock units (RSUs), vesting in two equal installments on March 1, 2025, and March 1, 2026.
- Each RSU represents the right to receive one share of Masimo Corp. common stock upon vesting.
- Following the grant, McClenahan directly owns 11,954 non-qualified stock options and 30,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Reporting Person was granted performance restricted stock units which vested on February 28, 2024 |
| 02/28/2024 | Acquisition of 1,004 shares of common stock due to vesting of performance restricted stock units. |
| 02/28/2024 | Disposal of 394 shares of common stock to cover tax obligations. |
| 03/01/2024 | Grant of 11,954 non-qualified stock options, vesting over five years. |
| 03/01/2024 | Grant of 30,000 restricted stock units (RSUs), vesting in two equal installments on March 1, 2025, and March 1, 2026. |
| 03/01/2025 | 50% of the 30,000 restricted stock units will vest. |
| 03/01/2026 | 50% of the 30,000 restricted stock units will vest. |
| 03/01/2034 | Expiration date of the non-qualified stock options granted on March 1, 2024. |
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