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

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

Summary

• On July 26, 2024, Alan G. Spoon, a director of Danaher Corp, acquired 163.414 phantom shares through the Non-Employee Directors Deferred Compensation Plan.
• These phantom shares are based on deferred director fees and dividend accruals, convertible to common stock on a one-for-one basis upon distribution.
• The price per share used for conversion was $273.19, the closing price of Danaher's common stock on the NYSE on the transaction date.
• Following the transaction, Spoon beneficially owns 29,369.823 shares.
• Spoon 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 neutral to slightly positive sentiment as it suggests alignment of interests between management and shareholders.

Positives

• The director's participation in the deferred compensation plan aligns his interests with those of the shareholders.
• The director is fully vested in all amounts deferred under the plan.

Future Outlook

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

Industry Context

Directors often participate in deferred compensation plans as part of their overall compensation package, aligning their interests with the long-term performance of the company. This is a fairly standard practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans for directors are common across various industries, including companies like Siemens, Roche, and General Electric.
• The structure of Danaher's plan, converting deferred fees into phantom shares, is similar to plans offered by other large corporations.

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