Danaher Director Sanders A. Shane Receives 211 Phantom Shares

What Happened Sanders A. Shane, a Danaher (DHR) director, received 211.205 notional (derivative/phantom) shares on 2026-07-31 valued at $194.98 per share, totaling about $41,181. This was an award/acquisition under Danaher’s Non‑Employee Directors Deferred Compensation Plan (reported as a derivative A transaction), reflecting a conversion of deferred cash director fees into notional shares rather than an open‑market purchase.

Key Details

• Transaction date & price: 2026-07-31 at $194.98 per share (closing NYSE price used to calculate notional shares)
• Shares awarded: 211.205 notional shares; reported aggregate value ≈ $41,181
• Shares owned after transaction: not stated in the Form 4 filing
• Footnotes: Award arose from deferring cash director fees into notional shares under the Non‑Employee Directors Deferred Compensation Plan; notional shares include dividend accruals and convert 1:1 to Danaher common stock upon distribution (fully vested for the reporting person)
• Filing timeliness: Form 4 filed 2026-08-04 — within the standard two business‑day reporting window

Context This transaction represents a routine conversion of director cash compensation into phantom shares under a deferred compensation plan, not a market purchase or sale. Upon future distribution the phantom shares will convert one‑for‑one into Danaher common stock; because the reporting person is fully vested, there are no additional vesting conditions noted. Routine deferrals like this are common for non‑employee directors and do not by themselves indicate a change in insider sentiment.