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

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

Summary

• Teri List, a director of Danaher Corp, filed a Form 4 disclosing a transaction involving phantom shares.
• The transaction occurred on April 26, 2024.
• List acquired 8.281 phantom shares under the Non-Employee Directors Deferred Compensation Plan.
• These phantom shares are based on deferred director fees and dividend accruals, converted into notional shares of Danaher common stock.
• The price per share used for the conversion was $246.58, the closing price of Danaher's common stock on the transaction date.
• Following the transaction, List beneficially owns 7,571.491 shares of Danaher common stock.
• The phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution, and List is fully vested in all deferred amounts.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The acquisition of phantom shares suggests confidence in the company's future performance.

Positives

• The acquisition of phantom shares reflects Teri List's continued investment in Danaher Corp.
• The Non-Employee Directors Deferred Compensation Plan allows directors to align their interests with the company's long-term performance.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies like Danaher.

Comparison to Industry Standards

• Director compensation plans, including deferred compensation and phantom stock arrangements, are common among large publicly traded companies.
• Companies like Siemens, Roche, and Abbott also utilize various forms of equity-based compensation for their directors to align their interests with shareholders.
• The specifics of these plans vary, but the underlying principle of linking director compensation to company performance is consistent.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value through equity-based compensation.

Key Dates