Form 4: Danaher Director Stevens Acquires Phantom Shares Under Deferred Compensation Plan

Director Raymond C. Stevens acquired phantom shares of Danaher common stock under the company's Non-Employee Directors Deferred Compensation Plan.

Summary

• Raymond C. Stevens, a director of Danaher Corp, reported a transaction involving the acquisition of phantom shares of the company's common stock.
• The transaction occurred on April 25, 2025.
• The acquisition was made under the terms of the Non-Employee Directors Deferred Compensation Plan.
• Stevens acquired 175.22 phantom shares at a price of $197.14 per share.
• Following the transaction, Stevens beneficially owns 6,559.207 phantom shares.
• The phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution.
• Stevens also granted a power of attorney to James F. O'Reilly and Zohaib Khalid to execute Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral to slightly positive as it indicates alignment of interests. The power of attorney is a standard administrative procedure.

Positives

• The acquisition of phantom shares reflects Stevens' participation in the company's deferred compensation plan, aligning his interests with those of shareholders.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Danaher.

Comparison to Industry Standards

• Deferred compensation plans for non-employee directors are a common practice among publicly traded companies to attract and retain qualified board members.
• The specifics of Danaher's plan, such as the conversion rate of phantom shares to common stock and the timing of distributions, are likely comparable to those offered by peer companies in the industrial and technology sectors.
• Companies like Siemens, Honeywell, and 3M also utilize similar compensation strategies for their board members.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, Danaher, Director, Stevens, Phantom Shares, Deferred Compensation, Beneficial Ownership, Power of Attorney