Form 4: Director Linda Filler Reports Acquisition of Danaher Corp Phantom Shares

Director Linda Filler reports the acquisition of phantom shares of Danaher Corp common stock through a deferred compensation plan.

Summary

• On April 26, 2024, Linda Filler, a director of Danaher Corp, acquired 9.661 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, reflecting the closing price of Danaher's common stock on the NYSE on the transaction date.
• Following the transaction, Filler beneficially owns 8,832.686 phantom shares.
• The phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution, and Filler is fully vested in all amounts deferred under the Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard director compensation practices and aligns director interests with shareholders.

Positives

• The acquisition of phantom shares reflects continued participation in the Non-Employee Directors Deferred Compensation Plan.
• The director is fully vested in all amounts deferred under the plan.

Future Outlook

The document does not contain specific forward-looking statements beyond the standard terms of the deferred compensation plan.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies. It reflects standard practices for incentivizing and retaining non-employee directors.

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 Siemens, Roche, and Thermo Fisher Scientific.
• These plans typically allow directors to defer cash fees into notional shares, aligning their interests with those of shareholders.
• The vesting and conversion terms described in the filing are consistent with industry norms for such plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates