Form 4: Danaher Corp Director Sanders A Shane Reports Acquisition of Phantom Shares

Director Sanders A Shane reports acquiring phantom shares of Danaher Corp through a deferred compensation plan.

Summary

• On April 26, 2024, Sanders A Shane, a director of Danaher Corp, acquired 128.308 phantom shares of Danaher common stock.
• This acquisition was made under the terms of the Non-Employee Directors Deferred Compensation Plan.
• The phantom shares were acquired at a price of $246.58 per share, which was the closing price of Danaher's common stock on the transaction date.
• Following the transaction, Sanders A Shane beneficially owns 1,565.176 phantom shares.
• These phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution, and the reporting person is fully vested in all amounts deferred under the Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a director's continued investment in the company through a standard compensation plan.

Positives

• The acquisition of phantom shares reflects the director's continued investment in Danaher Corp.
• The deferred compensation plan aligns director compensation with the company's long-term performance.

Future Outlook

The reporting person will receive shares of Danaher common stock upon distribution of the phantom shares.

Industry Context

This filing is a routine disclosure of a director's participation in a deferred compensation plan, which is a common practice among publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies, including Danaher's peers such as Abbott Laboratories, Thermo Fisher Scientific, and Siemens Healthineers.
• These plans typically allow directors to defer cash fees into notional shares, aligning their compensation with the company's stock performance.
• The specific terms of these plans, such as vesting schedules and conversion ratios, can vary across companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom shares acquired through a deferred compensation plan.

Key Dates