Danaher Corp Director Teri List Acquires Phantom Shares via Fee Deferral Plan

Danaher Corp ($DHR) Form 4 Filing Analysis

Overview

On November 2, 2026, Danaher Corporation filed a Form 4 for Director Teri List detailing an acquisition of phantom shares on October 30, 2026.

Key Transaction Details

• Security: Phantom shares (convertible into common stock on a 1-for-1 basis)
• Shares Acquired: 13.222 shares
• Price per Share: $232.23
• Total Transaction Value: $3,070.55
• Beneficial Ownership After Transaction: 7,689.337 phantom shares (held directly)

Context and Significance

This transaction was executed under Danaher's Non-Employee Directors Deferred Compensation Plan. Under the plan, directors may defer quarterly cash director fees, which are converted into notional phantom shares based on the closing stock price on the payment date.

Because this represents an automated, routine deferral of board compensation rather than an open-market purchase or sale reflecting directional sentiment, this transaction holds Low market significance.