Sanders A Shane 4
4 · DANAHER CORP /DE/ · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Danaher (DHR) Director Sanders A. Shane Receives 232 Phantom Shares
What Happened
Sanders A. Shane, a director of Danaher Corporation, was credited with 231.809 notional (phantom) shares on April 24, 2026 as an award/acquisition under Danaher's Non-Employee Directors Deferred Compensation Plan. The filing values the award at $177.25 per share, for a total value of approximately $41,088. This is a derivative award (not an open-market purchase or sale of actual shares).
Key Details
- Transaction date: 2026-04-24; Form 4 filed: 2026-04-28.
- Transaction type/code: A (award/acquisition) — derivative (notional/phantom) shares.
- Shares granted: 231.809 notional shares; price used: $177.25 (NYSE close on transaction date); total value ≈ $41,088.
- Shares owned after transaction: Not disclosed in the Form 4 provided.
- Footnotes: The award arises under the Non-Employee Directors Deferred Compensation Plan where deferred cash (and accrued dividends) is converted into notional shares; phantom shares convert to one-for-one actual Danaher shares upon distribution; the reporting person is fully vested.
- Filing timeliness: Form shows the transaction (4/24) and was filed 4/28; the filing itself does not indicate a late-filing notation.
Context
This was a grant of deferred/phantom shares under a director compensation plan rather than a market buy or sale. Such deferred-compensation credits are routine for non-employee directors and reflect compensation deferral mechanics (not an immediate change in economic exposure or a sale). Upon future distribution the phantom shares convert one-for-one into Danaher common stock.
Insider Transaction Report
- Award
Phantom shares
[F1][F2][F3]2026-04-24$177.25/sh+231.809$41,088→ 2,952.088 totalExercise: $0.00→ Common Stock (231.809 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.