Form 4: Danaher EVP Matthew McGrew Reports Changes in Beneficial Ownership
SEC Form 4
Matthew McGrew, EVP & Chief Financial Officer of Danaher Corp, reports changes in beneficial ownership of company stock due to tax withholding and company contributions to deferred compensation programs.
Summary
- On February 3, 2025, Matthew McGrew, EVP & Chief Financial Officer of Danaher Corp, reported changes in beneficial ownership of Danaher common stock.
- 9,345 shares were disposed of to cover tax obligations related to the distribution of performance-based restricted stock units at a price of $214.26 per share.
- McGrew also acquired 582.5 notional shares of Danaher common stock through the company's deferred compensation program on February 1, 2025, at a price of $222.74 per share.
- Following these transactions, McGrew directly owns 20,062 shares of common stock and indirectly owns 10,165.705 shares through a 401(k).
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of significant positive or negative sentiment.
Positives
- The acquisition of notional shares through the deferred compensation program indicates continued investment in the company's future by the executive.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages, including deferred compensation and equity grants, are common across publicly traded companies like Danaher.
- Companies such as Siemens, Roche, and Thermo Fisher Scientific, which are comparable to Danaher in terms of industry and market capitalization, also utilize similar compensation strategies to attract and retain top talent.
- The specifics of these packages, including the vesting schedules and performance metrics, vary based on company-specific factors and industry benchmarks.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The tax withholding is a standard procedure, and the deferred compensation contribution is part of the company's overall compensation strategy.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of acquisition of Danaher Deferred Compensation Programs Danaher Stock Fund |
| 02/03/2025 | Date of transaction for withholding of shares for tax purposes |
| 02/04/2025 | Date of signature for the Form 4 filing |
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