Form 4: Masimo Executive Reports Equity Conversion Post-Merger

Chief Marketing Officer Tim Benner reports the cancellation and conversion of equity holdings following Masimo Corporation's acquisition by Danaher Corporation.

Summary

• Tim Benner, Chief Marketing Officer of Masimo Corporation, filed a Form 4 detailing the disposition of equity holdings.
• The transactions occurred on June 10, 2026, in connection with the merger of Masimo Corporation into a subsidiary of Danaher Corporation.
• Restricted Stock Units (RSUs) were converted into Danaher Corporation RSUs based on a $180.00 per share merger consideration.
• Stock options and Performance-Based Restricted Stock Units (PSUs) were canceled and converted into the right to receive cash payments based on the $180.00 per share merger price.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the completion of a previously announced merger.

Positives

• Equity awards were successfully converted or cashed out at the $180.00 per share merger price, ensuring value realization for the executive.

Negatives

• The executive no longer holds direct equity in Masimo Corporation as it has become a wholly owned subsidiary of Danaher Corporation.

Risks

• Integration risks associated with the merger into Danaher Corporation.
• Potential tax withholding implications on the cash-out of stock options and PSUs.

Future Outlook

Masimo Corporation is now a wholly owned subsidiary of Danaher Corporation; future operations will be integrated into the parent company's structure.

Industry Context

StockSavvy.ai notes that this filing confirms the finalization of the Masimo-Danaher merger, a significant consolidation in the medical technology sector, aligning with broader trends of large-cap life sciences companies acquiring specialized monitoring technology firms.

Comparison to Industry Standards

• The $180.00 per share acquisition price represents a standard premium-based exit for shareholders in the medical device sector.
• The conversion of unvested equity into parent company equity is a standard practice in large-scale corporate acquisitions to ensure management retention.

Legal Proceedings

• The merger was executed pursuant to the Agreement and Plan of Merger dated February 16, 2026.

Stakeholder Impact

• Shareholders receive $180.00 per share in cash.
• Employees and executives see equity awards converted or cashed out per merger terms.

Next Steps

• Final integration of Masimo operations into Danaher Corporation.

Key Dates

Keywords

Masimo, Danaher, Merger, Form 4, Equity Conversion, Insider Transaction