McGrew Matthew 4
Research Summary
AI-generated summary
Danaher (DHR) CFO Matthew McGrew Sells Shares, Receives Award
What Happened
- Matthew McGrew, Chief Financial Officer of Danaher Corporation (DHR), had 1,856 shares disposed (withheld) to satisfy tax obligations and acquired 790.5 shares as a result of a performance-based award distribution.
- Details: 1,856 shares were recorded as disposed at $223.42 per share for a total of $414,668 (tax withholding). Separately, 790.5 shares were recorded as acquired as a derivative award at $228.92 per share, valued at $180,961.
- This is a compensation-related transaction (withholding to cover taxes and net delivery of performance-based restricted stock units), not an open-market buy or sell that signals a personal investment decision.
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-04 (appears timely).
- Disposition: 1,856 shares @ $223.42 = $414,668 (code F — tax withholding).
- Acquisition: 790.5 shares (derivative award) @ $228.92 = $180,961 (code A — grant/award).
- Shares owned after transaction: not disclosed in the provided excerpt of the filing.
- Footnotes of note:
- F1: Withholding of shares for tax purposes in connection with distribution of performance-based restricted stock units.
- F2–F4: Filing also references Danaher’s deferred compensation/notional share program (company contributions credited as notional shares that convert 1:1; vesting/distribution governed by plan documents).
- No indication of a 10b5-1 trade plan or a late filing in the provided information.
Context
- This is a routine compensation event: performance-based RSUs were distributed and a portion of shares were withheld to satisfy taxes, with net shares delivered to the executive. Such withholding is a common administrative step and should not be read as a discretionary sale by the insider.