SPOON ALAN G 4
4 · DANAHER CORP /DE/ · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Danaher (DHR) Director Alan G. Spoon Receives Deferred-Comp Award
What Happened
Alan G. Spoon, a Danaher director, received an award of 252.322 derivative (phantom) shares on 2026-04-24 valued at $177.25 per share (total ≈ $44,724). This was an acquisition under the Non-Employee Directors Deferred Compensation Plan, converting deferred cash director fees into notional shares rather than an open-market stock purchase.
Key Details
- Transaction date: 2026-04-24; Form 4 filed: 2026-04-28.
- Price used: $177.25 (closing NYSE price on the transaction date). Total value reported: $44,724.
- Transaction type/code: A — award/acquisition of a derivative security (phantom shares).
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes: Deferred cash (and dividend accruals) are converted into notional shares based on the closing price (F1); phantom shares convert one-for-one into Danaher common stock upon distribution (F2); the reporting person is fully vested in amounts deferred under the plan (F3).
- Timeliness: Filed four days after the transaction date; appears untimely relative to the typical 2-business-day Form 4 reporting requirement.
Context
This was an administrative conversion of deferred director fees into notional/phantom shares under the directors' deferred compensation plan, not a market buy or sale. Phantom shares are paid out or converted into actual shares on distribution, so this award itself does not represent an immediate cash outlay or open-market purchase. Such deferred-comp transactions are common for non-employee directors and are generally considered routine rather than a direct bullish or bearish signal.
Insider Transaction Report
- Award
Phantom shares
[F1][F2][F3]2026-04-24$177.25/sh+252.322$44,724→ 30,812.689 totalExercise: $0.00→ Common Stock (252.322 underlying)
Footnotes (3)
- [F1]Under the terms of the Non-Employee Directors Deferred Compensation Plan (the "Plan") established under the Danaher Corporation 2007 Omnibus Incentive Plan, the reporting person can defer all or part of the cash director fees s/he is entitled to receive each quarter. Amounts deferred under the plan (which includes dividend accruals on plan balances and may also include cash director fees) are converted into a particular number of notional shares of Danaher common stock, calculated based on the closing price of Danaher's common stock on the quarterly date such amounts otherwise would have been paid. The price shown in Table II, Column 8 above is the closing price per share of the Danaher common stock as reported on the NYSE on the transaction date noted above.
- [F2]Upon distribution, the phantom shares convert into shares of Danaher common stock on a one-for-one basis.
- [F3]The reporting person is fully vested in all amounts deferred under the Plan.