Masimo director equity cashed out at $180
Masimo Corporation director Timothy J. Scannell reported the cash-out of his equity in connection with Masimo’s merger with Danaher Corporation.
Rhea-AI Filing Summary
Masimo Corporation director Timothy J. Scannell reported the cash-out of his equity in connection with Masimo’s merger with Danaher Corporation. On June 10, 2026, 2,608 shares of Masimo common stock were disposed of to the issuer at $180.00 per share, leaving no common shares directly held.
At the same effective time of the merger, 1,119 restricted stock units held as a non-employee director were canceled and converted into the right to receive the same $180.00 per-share merger consideration in cash. These RSUs represented the unvested portion of an award granted on April 23, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 3,727 shares
Disposition
2 txns
Insider
Scannell Timothy J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 1,119 | $0.00 | $0.00 |
| Disposition | Common Stock | 2,608 | $180.00 | $469K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. On June 10, 2026, pursuant to the Agreement and Plan of Merger, dated February 16, 2026, by and among Masimo Corporation (the "Issuer"), Danaher Corporation ("Parent"), and Mobius Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Parent (the "Merger").
- F2. On June 10, 2026, at the effective time of the Merger, each share of the Issuer's common stock, par value $0.001 per share (the "Common Stock") issued and outstanding prior to the effective time of the Merger (other than certain excluded shares and dissenting shares) was canceled, extinguished and converted into the right to receive an amount in cash equal to $180.00 per share, without interest (the "Per Share Merger Consideration").
- F3. On June 10, 2026, at the effective time of the Merger, each of the Issuer's restricted stock units ("RSUs") held by the Issuer's non-employee directors was canceled and converted into the right to receive an amount in cash equal to the Per Share Merger Consideration.
- F4. Represents the unvested portion of RSUs granted on April 23, 2026, which award of RSUs was to vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders following the date of grant.
Key Figures
Common shares disposed: 2,608 shares
Disposition price per share: $180.00 per share
RSUs canceled: 1,119 units
+1 more
4 metrics
Common shares disposed
2,608 shares
Disposition to issuer on June 10, 2026
Disposition price per share
$180.00 per share
Per Share Merger Consideration for common stock
RSUs canceled
1,119 units
Non-employee director RSUs converted to cash rights
Shares after transaction
0 common shares
Direct holdings following June 10, 2026 disposition
Key Terms
Agreement and Plan of Merger, Per Share Merger Consideration, restricted stock units, wholly owned subsidiary
4 terms
Agreement and Plan of Merger regulatory
"pursuant to the Agreement and Plan of Merger, dated February 16, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
restricted stock units financial
"each of the Issuer's restricted stock units ("RSUs") held by the Issuer's non-employee directors was canceled"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
wholly owned subsidiary financial
"the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Parent"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Masimo (MASI) director Timothy Scannell report?
Director Timothy J. Scannell reported disposing of 2,608 Masimo common shares and 1,119 restricted stock units to the issuer. Both were tied to the closing of Masimo’s merger with Danaher, with equity converted into the right to receive cash.
What happened to Masimo (MASI) restricted stock units held by non-employee directors?
At the effective time of the merger, each Masimo restricted stock unit held by non-employee directors was canceled and converted into a cash right equal to the per-share merger consideration. For Timothy Scannell, 1,119 RSUs were treated this way.
What corporate event triggered the Masimo (MASI) insider dispositions on June 10, 2026?
The dispositions were triggered when Mobius Merger Sub, Inc. merged with Masimo Corporation under a merger agreement with Danaher. Masimo continued as the surviving corporation and became a wholly owned subsidiary of Danaher at the merger’s effective time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
