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

Alan G. Spoon, a director of Danaher Corp, reports acquiring phantom shares under the company's Non-Employee Directors Deferred Compensation Plan.

Summary

• On April 26, 2024, Alan G. Spoon, a director of Danaher Corp, acquired 181.328 phantom shares of Danaher common stock.
• The 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 NYSE on the transaction date.
• Following the transaction, Spoon beneficially owns 29,206.409 shares of Danaher common stock, including phantom shares.
• The phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution, and 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 positive alignment of interests between the director and the company's shareholders. It's a standard practice and doesn't suggest any negative implications.

Positives

• The acquisition of phantom shares reflects the director's continued investment in Danaher Corp.
• The Non-Employee Directors Deferred Compensation Plan allows directors to defer compensation and invest in the company's stock.

Industry Context

Director compensation plans are common in publicly traded companies to align the interests of directors with those of shareholders. Deferred compensation plans, like the one used by Danaher, allow directors to defer income and invest in the company's stock, potentially increasing their stake in the company's long-term success.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among large publicly traded companies.
• Companies like General Electric, Siemens, and 3M also offer similar deferred compensation plans to their non-employee directors.
• The specifics of these plans, such as the vesting schedules and conversion rates, can vary from company to company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's performance.

Key Dates