Form 4: Alan Spoon Reports Acquisition of Danaher Corp Phantom Shares

Director Alan Spoon reports acquiring phantom shares of Danaher Corp through a deferred compensation plan.

Summary

• On October 25, 2024, Alan Spoon, a director of Danaher Corp, acquired 182.586 phantom shares through the company's Non-Employee Directors Deferred Compensation Plan.
• These phantom shares are based on deferred cash director fees and dividend accruals, converted into notional shares of Danaher common stock.
• The conversion price was $245.39 per share, reflecting the closing price of Danaher's common stock on the transaction date.
• Following the transaction, Spoon directly owns 29,552.409 shares.
• The reporting person is fully vested in all amounts deferred under the Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to positive.

Positives

• The acquisition of phantom shares reflects Alan Spoon's continued investment in Danaher Corp.
• The deferred compensation plan allows directors to align their interests with the long-term performance of the company.

Future Outlook

The document does not contain any specific forward-looking statements regarding Danaher Corp's future performance.

Industry Context

This filing is a routine disclosure of a director's acquisition of phantom shares through a deferred compensation plan, a common practice among publicly traded companies to incentivize and align the interests of their directors with those of the shareholders.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among large, publicly traded companies like Danaher.
• Companies such as Siemens, Roche, and Abbott Laboratories also utilize similar compensation structures to attract and retain qualified board members.
• The specifics of these plans, such as the vesting schedules and conversion rates, can vary depending on the company's compensation philosophy and industry practices.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value through deferred compensation.

Key Dates