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

Director Teri List reports acquiring phantom shares of Danaher Corp through a 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 October 25, 2024.
• List acquired 8.339 phantom shares through 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 $245.39, the closing price of Danaher's common stock on the transaction date.
• Following the transaction, List beneficially owns 7,587.293 shares of Danaher common stock directly.
• 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 amounts deferred under the Plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating stability and alignment of interests. The director's participation in the deferred compensation plan suggests a positive outlook on the company's future performance.

Positives

• The director's participation in the deferred compensation plan demonstrates confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the director's participation in the deferred compensation plan suggests a positive outlook.

Industry Context

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

Comparison to Industry Standards

• Deferred compensation plans for directors are common among publicly traded companies, including those in the industrial and technology sectors, such as Siemens, General Electric, and 3M.
• The structure of Danaher's plan, converting deferred fees into phantom shares based on the stock price, is a standard approach.
• The vesting terms and distribution mechanisms are also typical of such plans.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates