Form 4: Teri List, Danaher Corp Director, Reports Acquisition of Phantom Shares

Director Teri List reports acquiring phantom shares of Danaher common stock through the Non-Employee Directors Deferred Compensation Plan.

Summary

• Teri List, a director of Danaher Corp, filed a Form 4 on July 29, 2024, reporting a transaction on July 26, 2024.
• The transaction involved the acquisition of 7.463 phantom shares of Danaher common stock through the Non-Employee Directors Deferred Compensation Plan.
• These phantom shares were acquired at a price of $273.19 per share, reflecting the closing price of Danaher's common stock on the transaction date.
• Following the reported transaction, Ms. List beneficially owns 7,578.954 shares of Danaher common stock, including the phantom shares.
• The phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution, and Ms. List is fully vested in all amounts deferred under the Plan.

Sentiment

Score: 7

Explanation: Routine transaction; director acquiring phantom shares through a standard compensation plan. Indicates alignment with company performance.

Positives

• The director's participation in the deferred compensation plan demonstrates alignment with the company's long-term performance.

Industry Context

Directors commonly use deferred compensation plans as part of their overall compensation strategy, aligning their interests with shareholders.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies, including those in the industrial and technology sectors, such as Siemens, Honeywell, and General Electric.
• These plans often allow directors to defer cash fees into stock or phantom stock units, similar to Danaher's plan, to incentivize long-term value creation.
• The specific terms of these plans, such as vesting schedules and conversion ratios, can vary across companies but generally aim to align director compensation with shareholder returns.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director compensation with company performance.

Key Dates