Form 4: Danaher Corp Director Feroz Dewan Reports Acquisition of Phantom Shares

Director Feroz Dewan reports acquisition of phantom shares in Danaher Corp through a non-employee director deferred compensation plan.

Summary

• On April 25, 2025, Feroz Dewan, a director of Danaher Corp, acquired 167.095 phantom shares of Danaher common stock.
• The acquisition was made under the terms of the Non-Employee Directors Deferred Compensation Plan.
• These phantom shares were acquired at a price of $197.14 per share, which was the closing price of Danaher's common stock on the transaction date.
• Following the transaction, Dewan beneficially owns 1,545.513 phantom shares.
• The phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution.
• Dewan 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 aligns director interests with the company's performance.

Positives

• The director's participation in the deferred compensation plan demonstrates alignment with the company's long-term 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 non-employee directors are common among publicly traded companies like Danaher.
• Companies such as Siemens, Roche, and Thermo Fisher Scientific also offer similar deferred compensation plans to their directors.
• The specifics of these plans, such as the deferral rates, investment options, and vesting schedules, can vary from company to company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Danaher Corp, Feroz Dewan, phantom shares, director, Form 4, deferred compensation plan, beneficial ownership, securities