Masimo CEO Joe Kiani's 2019 pay stays at $15M
Masimo reports 2019 executive compensation
By ExecPay News
Published: April 15, 2020
Masimo reported fiscal year 2019 executive compensation information on April 15, 2020.
In 2019, six Masimo executives received on average a compensation package of $4.5M, a 5% increase compared to previous year.
Average pay of disclosed executives at Masimo
Joe Kiani, Chief Executive Officer, received $15M in total, which is about the same as previous year. 60% of Kiani's compensation, or $9M, was in stock awards. Kiani also received $1.5M in non-equity incentive plan, $3M in option awards, $1.1M in salary, as well as $379K in other compensation.
For fiscal year 2019, the median employee pay was $117,628 at Masimo. Therefore, the ratio of Joe Kiani's pay to the median employee pay was 127 to one.
Bilal Muhsin, Chief Operating Officer, received a compensation package of $4.2M, which increased by 109% compared to previous year. 58% of the compensation package, or $2.4M, was in option awards.
Anand Sampath, Executive Vice President, Operations & Clinical Research, earned $2M in 2019, a 1% decrease compared to previous year.
Tom McClenahan, General Counsel, received $1.9M in 2019, which is about the same as previous year.
Micah Young, Chief Financial Officer, earned $1.9M in 2019, a 2% increase compared to previous year.
Tao Levy, Executive Vice President, Business Development, received $1.8M in 2019, which decreases by 31% compared to 2018.
Masimo's fiscal year ends on January 1.
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Source: SEC filing on April 15, 2020.