Danaher Director Feroz Dewan Acquires Phantom Shares via Fee Deferral Plan

Overview & Executive Summary

On November 2, 2026, a Form 4 filing was submitted to the SEC on behalf of Feroz Dewan, a member of the Board of Directors of Danaher Corporation ($DHR). The filing reports the acquisition of 144.029 phantom shares on October 30, 2026, under the company's Non-Employee Directors Deferred Compensation Plan.

Transaction Analysis

• Security: Phantom shares (convertible 1-for-1 into common stock upon distribution)
• Transaction Code: A (Grant, award, or other acquisition)
• Number of Shares: 144.029
• Price Per Share: $232.23 (Closing price of Danaher common stock on NYSE on the transaction date)
• Total Dollar Value: ~$33,447.85
• Post-Transaction Beneficial Ownership: 2,513.83 phantom shares (Direct)

Footnote Insights & Plan Context

According to Footnote (1), under the terms of the Non-Employee Directors Deferred Compensation Plan, non-employee directors can elect to defer cash director fees received each quarter. The deferred amounts are converted into notional shares of Danaher common stock based on the closing price on the quarterly payment date. The reporting person is fully vested in all amounts deferred under the plan.

Market & Trading Significance

This transaction carries Low trading significance. It is a routine, formulaic compensation deferral into equity-linked phantom shares rather than an open-market purchase or sale reflecting non-public company sentiment.