Zerhouni Elias A. 4

What Happened

• Elias A. Zerhouni, a director of Danaher Corporation (DHR), was granted a total of 2,379 restricted stock units (RSUs) on 2026-05-15. The grant is reported as two items: 680 RSUs (reported as acquired at $0) and 1,699 RSUs reported as a derivative RSU award (also $0). No cash was paid; the awards are compensation grants rather than purchases or sales.

Key Details

• Transaction date: 2026-05-15; Form 4 filed: 2026-05-19 (filed within required period).
• Reported price: $0.00 per RSU (standard for RSU grants — they represent future shares, not a cash purchase).
• Total RSUs granted: 2,379 (680 + 1,699).
• Shares owned after the transaction: not specified in the provided filing.
• Transaction code: A = Award/Grant; the 1,699 RSUs are reported as derivative securities because they are rights to receive common stock.
• Footnote: RSUs vest on the earlier of the first anniversary of the grant date or immediately prior to the next annual shareholder meeting. However, the underlying shares will not be issued until the earlier of the director’s death or the first day of the seventh month following the director’s retirement from the Board.

Context

• RSUs are a common form of director compensation: they give the holder the right to receive company shares in the future if vesting conditions are met. Because these are grants (not purchases or sales), they do not directly signal the insider buying or selling stock for personal investment purposes.
• The economic value to the insider will depend on Danaher’s share price when (and if) the RSUs convert to actual shares under the issuance conditions described above.