SPOON ALAN G 4

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.