Sanders A Shane 4

What Happened Shane A. Sanders, a director of Danaher Corporation (DHR), received 183.593 notional (phantom) shares on 2026-01-30 as an award under the Non‑Employee Directors Deferred Compensation Plan. The shares were valued using the closing price of $218.89, giving an aggregate value of $40,187. This was not an open‑market purchase but a conversion of deferred cash director fees into notional shares (transaction code A — award/grant; derivative).

Key Details

• Transaction date: 2026-01-30; Filing date: 2026-02-03 (timely — within two business days).
• Price used to calculate notional shares: $218.89 (NYSE closing price on transaction date).
• Shares received: 183.593 notional (phantom) shares; reported value $40,187.
• Shares owned after transaction: not specified in the supplied filing.
• Footnotes summary:
  • The award was made under the Non‑Employee Directors Deferred Compensation Plan: deferred cash director fees (and accrued dividends) are converted into notional shares based on the closing stock price (F1).
  • Upon distribution, these phantom shares convert one‑for‑one into Danaher common stock (F2).
  • The reporting person is fully vested in the amounts deferred under the plan (F3).
• Transaction type: Derivative award/deferral (routine director compensation), not a market purchase or sale.

Context This is a routine compensation deferral for a non‑employee director converting cash fees into deferred/notional shares; it does not reflect an open‑market buy or sale. Such deferred/phantom share awards are common for directors and become actual shares only when distributed.