Merit Medical (MMSI) CEO Receives 19,594 Time‑Vesting RSUs

Rhea-AI Filing Summary

Martha Goldberg Aronson, President and CEO and a director of Merit Medical Systems, Inc. (MMSI), reported an amended Form 4 showing a grant of 19,594 restricted stock units (RSUs) on 10/03/2025. The RSUs carry no cash purchase price and vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to her continued service; each RSU converts to one share of common stock upon vesting. The Form 4/A was signed by an attorney-in-fact on 10/07/2025.

Insights

Compensation Governance Analyst

RSU grant links CEO pay to multi-year retention and share-based incentives.

The grant of 19,594 RSUs vests in three equal annual installments, providing a time-based retention mechanism that converts to one share per RSU upon vesting. This structure aligns the CEO's economic interest with shareholder outcomes over a multi-year period.

The main dependency is continued service through each vesting date, which limits immediate dilution but creates future share issuance as the units vest. Investors can monitor annual equity expense and dilution as these RSUs vest over the next three years.

Equity Dilution Specialist

19,594 RSUs will create future share issuance if fully vested.

If all RSUs vest, up to 19,594 new shares will be issued, which has a measurable but typically modest effect on share count depending on the company's market capitalization. The grant has no immediate cash proceeds to the company.

Key near-term items to watch include the annual number of RSUs vesting and any company disclosures tying grants to performance metrics or accelerated vesting events within 2025-2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Aronson Martha Goldberg

(Last) (First) (Middle)

1600 WEST MERIT PARKWAY

(Street)

SOUTH JORDAN UT 84095

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MERIT MEDICAL SYSTEMS INC [ MMSI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
10/07/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, No Par Value	10/03/2025		A		19,594(1)	A	$0	19,594	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs"). The RSUs vest in three equal annual installments on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service through the applicable vesting date. Each RSU represents the contingent right to receive one share of Common Stock upon vesting.

	/s/ Brian G. Lloyd, Attorney-in-Fact	10/07/2025
	** Signature of Reporting Person	Date
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