Danaher (NYSE: DHR) director Mitchell Rales boosts deferred stock holdings

Rhea-AI Filing Summary

Danaher Corporation director and executive Mitchell P. Rales increased his deferred stock-based holdings through a plan contribution. On 12/30/2025, he acquired 1,543.981 derivative interests tied to Danaher common stock through the Danaher Deferred Compensation Plan’s Danaher Stock Fund.

The contribution is recorded as notional shares that track Danaher common stock on a one-for-one basis, with an exercise price of $0.00 and a reference price of $230.67 per share. Following this transaction, Rales held 7,969.204 derivative securities linked to Danaher stock in this plan. All deferrals in this stock fund are described as immediately vested, meaning the economic rights tied to these notional shares are fully earned when contributed.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

RALES MITCHELL P

(Last) (First) (Middle)

11790 GLEN ROAD

(Street)

POTOMAC MD 20854

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DANAHER CORP /DE/ [ DHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of Exec. Committee

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Danaher deferred contribution programs - Danaher Stock Fund(1)	$0.00(2)	12/30/2025		A		1,543.981		(3)	(3)	Common Stock, par value $.01	1,543.981(1)	$230.67	7,969.204	D

Explanation of Responses:

1. Represents the Reporting Person's contribution to the Danaher stock fund (the "DCP Stock Fund") in the Danaher Deferred Compensation Plan. The contributions are deemed to be invested in a number of unfunded, notional shares of Danaher common stock.

2. The notional shares convert on a one-for-one basis.

3. All DCP Stock Fund deferrals are immediately vested.

	By: /s/ Mitchell P. Rales	12/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Danaher (DHR) report for Mitchell P. Rales?

On 12/30/2025, Mitchell P. Rales acquired 1,543.981 derivative interests tied to Danaher common stock through a contribution to the Danaher Deferred Compensation Plan’s Danaher Stock Fund.

What role does Mitchell P. Rales hold at Danaher (DHR)?

Mitchell P. Rales is listed as a Director and an Officer of Danaher, serving as Chairman of the Executive Committee.

How do the Danaher deferred compensation stock fund units work?

The Danaher stock fund in the deferred compensation plan credits contributions into unfunded, notional shares of Danaher common stock that convert on a one-for-one basis with the underlying stock.

What was the reference price for the Danaher (DHR) notional shares in this transaction?

The notional shares associated with this transaction reference a price of $230.67 per share of Danaher common stock.

How many derivative securities linked to Danaher stock did Rales hold after this transaction?

After the reported deferred compensation contribution, Mitchell P. Rales beneficially owned 7,969.204 derivative securities linked to Danaher common stock under the plan.

Are the Danaher deferred compensation stock fund deferrals vested?

All deferrals credited to the Danaher stock fund in the deferred compensation plan are stated to be immediately vested.