MedTech & Diagnostics

Masimo Executive Compensation (FY25)

Name: Masimo (MASI) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

MASI · Executive and director compensation, fiscal 2022 to 2025

Chief executive, fiscal 2025

◇

Catherine Szyman

Median of the other named officers

$2,215,518

5 officers, excluding the chief executive

Latest say-on-pay support

April 29, 2025

Chief executive pay ratio

◇

To the median employee

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Data as of October 22, 2026Latest filing (10-K): May 1, 2026

14 filings cited on this page

Method: intel.velarion.ai/methodology

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295 figures on this page: 285 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

Masimo does not file an annual proxy statement (DEF 14A). Its executive compensation is disclosed directly in its Form 10-K (Part III), which is the filing cited throughout this document.

What changed from fiscal 2024 to fiscal 2025

The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.

Chief executive of record: Joe Kiani → Catherine Szyman

Say-on-pay support: 64.9% → 88.1% (23.2 points higher)

CEO pay ratio: 163:1 → 212:1 (30.1% higher)

Frequently asked questions

Answers drawn from the data on this page.

Who is Masimo's chief executive and what were they paid?

Total compensation for Catherine Szyman, Chief Executive Officer, came to $19,797,140 in fiscal 2025.

What was Masimo's say-on-pay result?

For fiscal 2024, shareholders backed the say-on-pay proposal with 88.1% of votes cast for or against in favor at the meeting held April 29, 2025.

Which companies are in Masimo's peer group?

Companies named in the disclosed peer group include Align Technology, Inc., CONMED Corporation, DENTSPLY SIRONA, Inc., Dexcom, Inc. and Globus Medical, Inc., among others.

What is Masimo's chief executive pay ratio?

The company reported a chief executive pay ratio of 212:1 for fiscal 2025, against median employee compensation of $82,554.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Joe Kiani Former Chief Executive Officer and Chairman of the Board	◇	—	◇	◇	◇	—	◇	◇
Bilal Muhsin Chief Operating Officer	◇	—	◇	◇	◇	—	◇	◇
Micah Young Executive Vice President and Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
Tom McClenahan Executive Vice President, General Counsel and Corporate Secretary	◇	—	◇	◇	◇	—	◇	◇
Tao Levy Executive Vice President, Business Development	◇	—	◇	◇	◇	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Joe Kiani Former Chief Executive Officer and Chairman of the Board	◇	—	◇	◇	—	—	◇	◇
Bilal Muhsin Chief Operating Officer	◇	—	◇	◇	—	—	◇	◇
Micah Young Executive Vice President and Chief Financial Officer	◇	—	◇	◇	—	—	◇	◇
Tom McClenahan Executive Vice President, General Counsel and Corporate Secretary	◇	—	◇	◇	—	—	◇	◇
Tao Levy Executive Vice President, Business Development	◇	—	◇	◇	—	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Joe Kiani Former Chief Executive Officer and Chairman of the Board Departed during or after this year	◇	—	◇	◇	—	—	◇	◇
Bilal Muhsin Chief Operating Officer	◇	—	◇	◇	◇	—	◇	◇
Micah Young Executive Vice President and Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
Tom McClenahan Executive Vice President, General Counsel and Corporate Secretary	◇	—	◇	◇	—	—	◇	◇
Blair Tripodi Chief Operating Officer, Consumer Division	◇	—	◇	◇	◇	—	◇	◇
Michelle Brennan Former Interim Chief Executive Officer Departed during or after this year Served on an interim basis	◇	—	◇	—	—	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Catherine Szyman Chief Executive Officer	◇	—	◇	◇	◇	—	◇	◇
Micah Young Executive Vice President and Chief Financial Officer	◇	—	◇	◇	◇	—	◇	◇
Charles Dadswell Executive Vice President, General Counsel and Corporate Secretary	◇	—	◇	—	◇	—	◇	◇
Greg Meehan Chief Commercial Officer	◇	—	◇	◇	◇	—	◇	◇
Anand Sampath Executive Vice President, Operations	◇	—	◇	—	◇	—	◇	◇
Michelle Brennan Former Interim Chief Executive Officer Departed during or after this year	◇	◇	—	—	—	—	◇	◇

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.

Fiscal 2025

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
Anand Sampath	RSU	◇	—	—	◇	—	—	◇
Catherine Szyman	RSU	◇	—	—	◇	—	—	◇
Catherine Szyman	RSU	◇	—	—	◇	—	—	◇
Catherine Szyman	PSU	◇	◇	◇	—	◇	—	◇
Catherine Szyman	PSU	◇	◇	◇	—	◇	—	◇
Catherine Szyman	OPTION	◇	—	—	◇	—	◇	◇
Charles Dadswell	RSU	◇	—	—	◇	—	—	◇
Greg Meehan	RSU	◇	—	—	◇	—	—	◇
Greg Meehan	PSU	◇	◇	◇	—	◇	—	◇
Greg Meehan	OPTION	◇	—	—	◇	—	◇	◇
Micah Young	PSU	◇	◇	◇	—	◇	—	◇
Micah Young	RSU	◇	—	—	◇	—	—	◇
Micah Young	OPTION	◇	—	—	◇	—	◇	◇
Michelle Brennan	RSU	◇	—	—	◇	—	—	◇
Michelle Brennan	RSU	◇	—	—	◇	—	—	◇

Fiscal 2022, 2023, 2024 are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.

As disclosed at fiscal 2025 year end

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
Micah Young	PSU	◇	◇	—	—
	PSU	◇	◇	—	—
	Option	◇	—	◇	3/1/2034
	PSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	2/22/2032
	Option	◇	—	◇	3/11/2035
	RSU	◇	◇	—	—
	Option	◇	—	◇	2/26/2031
	Option	◇	—	◇	3/2/2033
Michelle Brennan	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Anand Sampath	Option	◇	—	◇	2/26/2031
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
	Option	◇	—	◇	2/22/2032
	RSU	◇	◇	—	—

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.

Catherine Szyman

Chief Executive Officer · Offer letter · dated January 17, 2025

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇
Non-solicit period	◇
Clawback	◇

Michelle Brennan

Former Interim Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing

Severance base	◇
Severance cash amount	◇
Change-in-control base	◇
Equity acceleration on change in control	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Quentin Koffey	◇	◇	—	—	—	◇	◇
Darlene Solomon	◇	◇	—	—	—	—	◇
William Jellison	◇	◇	—	—	—	—	◇
Tim Scannell	◇	◇	—	—	—	—	◇
Wendy Lane	◇	◇	—	—	—	—	◇
Robert Chapek	◇	—	—	—	—	—	◇
Craig Reynolds	◇	—	—	—	—	—	◇

Michelle Brennan and Catherine Szyman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.

Earlier years are included in the PDF.

A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.

Board cash retainer	◇
Board equity retainer	◇
Total board retainer	◇
Audit committee chair	◇
Audit committee member	◇
Compensation committee chair	◇
Compensation committee member	◇
Nominating and governance chair	◇
Nominating and governance member	◇

Equity is delivered as restricted stock units.

Stock ownership guideline: Oversee and determine compliance with our stock ownership guidelines;

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2025

Align Technology, Inc. ALGN
CONMED Corporation CNMD
DENTSPLY SIRONA, Inc. XRAY
Dexcom, Inc. DXCM
Globus Medical, Inc. GMED
Haemonetics Corp. HAE
Hologic, Inc. HOLX
ICU Medical, Inc. ICUI
Insulet Corporation PODD
Integer Holdings Corporation ITGR
LivaNova PLC LIVN
Merit Medical Systems, Inc MMSI
Penumbra, Inc. PEN
QuidelOrtho Corporation QDEL
Teleflex, Inc. TFX
The Cooper Companies, Inc. COO

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2024	April 29, 2025	=	◇	◇	◇
2023	September 19, 2024	=	◇	◇	◇
2022	June 26, 2023	=	◇	◇	◇
2021	May 26, 2022	=	◇	◇	◇
2020	May 27, 2021	=	◇	◇	◇
2019	May 29, 2020	=	◇	◇	◇
2018	May 30, 2019	=	◇	◇	◇
2017	May 31, 2018	=	◇	◇	◇
2016	June 1, 2017	=	◇	◇	◇
2015	April 20, 2016	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

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Sample answer — “What is the CEO’s total compensation?”

- Catherine Szyman (Chief Executive Officer), FY2025 total compensation $19,797,140 (base salary $850,048) [exec_comp, SEC accession 0001104659-26-054180, filed 2026-05-01]

What this page does not include

Everything above is a fact Masimo disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Masimo sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.

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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.

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Realizable pay

What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.

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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.

295 figures on this page: 285 cited to the filing that reported them, 10 calculated from figures it prints.

285 cited to the filing

10 calculated from the filing

Documents cited

10-K, filed May 1, 2026
0001104659-26-054180
8-K, filed April 30, 2025
0001104659-25-042485
Proposal No. 3 : To provide an advisory vote to approve the compensation of the Company’s named executive officers.
DEF 14A, filed March 26, 2025
0001104659-25-027887
Compensation Discussion and Analysis · Summary Compensation Table
EX-10, filed January 21, 2025
0000937556-25-000007
EX-10.1
8-K, filed September 25, 2024
0000937556-24-000085
Proposal No. 3 : To provide an advisory vote to approve the compensation of the Company’s named executive officers.
DEF 14A, filed June 17, 2024
0001213900-24-053125
Summary Compensation Table
8-K, filed June 28, 2023
0000937556-23-000172
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 31, 2022
0000937556-22-000107
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed June 1, 2021
0000937556-21-000105
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed June 2, 2020
0000937556-20-000119
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed June 3, 2019
0000937556-19-000112
8-K, filed June 4, 2018
0000937556-18-000102
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed June 5, 2017
0000937556-17-000132
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed April 26, 2016
0000937556-16-000263
Item 5.07 Submission of Matters to a Vote of Security Holders

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MedTech & Diagnostics rankings

Chief executive pay — MedTech & Diagnostics CEO pay ratio — MedTech & Diagnostics Say-on-pay support — MedTech & Diagnostics

Peers Masimo discloses

The companies named in MASI's own disclosed peer group.

Align Technology, Inc.CONMED Corporation DENTSPLY SIRONA, Inc.Dexcom, Inc.Globus Medical, Inc.Haemonetics Corp.Hologic, Inc.ICU Medical, Inc.Insulet Corporation Integer Holdings Corporation LivaNova PLC Merit Medical Systems, Inc Penumbra, Inc.QuidelOrtho Corporation Teleflex, Inc.The Cooper Companies, Inc.

Terms on this page

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Cite this data

APA

Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854

BibTeX

@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}