[Form 3] Masimo Corporation Initial Statement of Beneficial Ownership
Ahmed Omar, CTIO & EVP of Engineering at Masimo Corporation, reports direct ownership of 1,768 common shares and beneficial ownership of 32,060 restricted stock units (RSUs), representing a total potential interest of 33,828 shares. Most RSU grants vest ratably over five years with 20% vesting each anniversary; one grant vests in full on its first anniversary.
- Detailed disclosure of direct shares and individual RSU grants with explicit vesting schedules
- No percentage of outstanding shares or dollar value provided, limiting assessment of materiality
Insights
TL;DR: Routine insider disclosure that enhances transparency but appears immaterial to shareholders absent percent ownership or market value.
The Form 3 accurately reports direct holdings and detailed RSU schedules for Ahmed Omar, clarifying his current ownership position and the timing of potential share issuance as RSUs vest. The filing helps stakeholders assess insider alignment with long-term incentives, but it does not provide percent ownership or dollar values, which limits evaluation of materiality relative to total outstanding shares.
TL;DR: Equity awards are structured as time-based RSUs with multi-year vesting, indicating standard retention incentives rather than immediate dilution.
The reported awards include multiple RSU grants with explicit vesting terms: most grants vest ratably over five years (20% annually) and one vests fully after one year. Total RSUs of 32,060 convert one-for-one to common shares upon vesting. This structure aligns executive reward with continued service, but the filing lacks aggregate dilution metrics to quantify impact on shareholders.