Thermo Fisher Scientific Director Receives Quarterly Phantom Stock Retainer

Executive Summary

On September 29, 2026, Thermo Fisher Scientific Inc. ($TMO) filed a Form 4 disclosing that Director R. Alexandra Keith received 46.3 Phantom Stock Units on September 26, 2026. The units were credited at a reference price of $675.00 per share, amounting to an implied value of $31,252.50.

Transaction Details

• Security: Phantom Stock Units (convertible to common stock on a 1-for-1 basis)
• Transaction Code: 'A' (Grant/Award)
• Number of Units: 46.3
• Effective Price: $675.00
• Nature: Direct ownership under the Issuer's Deferred Compensation Plan for Directors
• Post-Transaction Position: 1,377.65 phantom stock units

Context & Significance

This acquisition represents a routine quarterly deferral of director retainers pursuant to Thermo Fisher's Deferred Compensation Plan for Directors. Under the plan, retainers are credited at the end of each quarter based on the closing price of the company's common stock and become distributable only upon termination of board service or a change of control. Because this transaction stems from standard board compensation mechanics rather than an open-market discretionary purchase, it carries low market significance.