Danaher director granted 20.121 phantom shares

Danaher director Linda Filler received a grant of 20.121 phantom shares on a deferred basis under the Non-Employee Directors Deferred Compensation Plan.

Rhea-AI Filing Summary

Danaher director Linda Filler received a grant of 20.121 phantom shares on a deferred basis under the Non-Employee Directors Deferred Compensation Plan. The award was valued using a reference price of $177.25 per share and increased her total phantom share balance to 8,936.403, which will convert into common stock one-for-one upon distribution.

Insider Trade Summary

Grant/Award: 20.121 shares

Grant/Award 1 txn

Insider FILLER LINDA

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom shares	20.121	$177.25	$4K

Holdings After Transaction: Phantom shares — 8,936.403 contracts (Direct)

Footnotes (3)

1. F1. Under the terms of the Non-Employee Directors Deferred Compensation Plan (the "Plan") established under the Danaher Corporation 2007 Omnibus Incentive Plan, the reporting person can defer all or part of the cash director fees s/he is entitled to receive each quarter. Amounts deferred under the plan (which includes dividend accruals on plan balances and may also include cash director fees) are converted into a particular number of notional shares of Danaher common stock, calculated based on the closing price of Danaher's common stock on the quarterly date such amounts otherwise would have been paid. The price shown in Table II, Column 8 above is the closing price per share of the Danaher common stock as reported on the NYSE on the transaction date noted above.
2. F2. Upon distribution, the phantom shares convert into shares of Danaher common stock on a one-for-one basis.
3. F3. The reporting person is fully vested in all amounts deferred under the Plan.

Key Figures

Phantom shares granted: 20.121 shares Reference share price: $177.25 per share Total phantom shares after grant: 8,936.403 shares +1 more

4 metrics

Phantom shares granted 20.121 shares Grant under Non-Employee Directors Deferred Compensation Plan on April 24, 2026

Reference share price $177.25 per share Closing price used to convert deferred fees into notional shares

Total phantom shares after grant 8,936.403 shares Director’s phantom share balance following this Form 4 transaction

Conversion ratio 1:1 Each phantom share converts into one Danaher common share upon distribution

Key Terms

Phantom shares, Non-Employee Directors Deferred Compensation Plan, Danaher Corporation 2007 Omnibus Incentive Plan, notional shares, +1 more

5 terms

Phantom shares financial

"Under the terms of the Non-Employee Directors Deferred Compensation Plan ... amounts deferred under the plan ... are converted into a particular number of notional shares of Danaher common stock"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

Non-Employee Directors Deferred Compensation Plan financial

"Under the terms of the Non-Employee Directors Deferred Compensation Plan (the "Plan") established under the Danaher Corporation 2007 Omnibus Incentive Plan"

Danaher Corporation 2007 Omnibus Incentive Plan financial

"the Non-Employee Directors Deferred Compensation Plan (the "Plan") established under the Danaher Corporation 2007 Omnibus Incentive Plan"

notional shares financial

"are converted into a particular number of notional shares of Danaher common stock, calculated based on the closing price"

fully vested financial

"The reporting person is fully vested in all amounts deferred under the Plan."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Danaher (DHR) director Linda Filler report?

Linda Filler reported receiving 20.121 phantom shares as a grant under Danaher’s Non-Employee Directors Deferred Compensation Plan. These phantom shares are a form of deferred compensation linked to Danaher common stock and increase her total phantom share holdings to 8,936.403.

How are phantom shares valued in this Danaher (DHR) Form 4 filing?

The phantom shares are valued using Danaher’s closing common stock price on the transaction date. For this grant, the reference price was $177.25 per share, matching the NYSE closing price on the date the deferred director fees were converted into notional shares under the plan.

What does the total of 8,936.403 phantom shares mean for Danaher (DHR) director Linda Filler?

After the reported grant, Linda Filler holds 8,936.403 phantom shares under the plan. Upon distribution, these phantom shares convert into an equal number of Danaher common shares on a one-for-one basis, representing her accumulated deferred director compensation and dividend accruals.

How does Danaher’s Non-Employee Directors Deferred Compensation Plan work?

Under the plan, non-employee directors can defer all or part of their quarterly cash director fees. Deferred amounts, including dividend accruals, are converted into notional shares of Danaher common stock based on the closing share price on the quarterly payment date, creating phantom share balances.

Is the Danaher (DHR) phantom share grant to Linda Filler fully vested?

Yes, the filing states that Linda Filler is fully vested in all amounts deferred under the Non-Employee Directors Deferred Compensation Plan. This means her accumulated phantom shares, including this 20.121-share grant, are fully earned and will convert into common stock at distribution.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 05:00 PM EDT Learn about SEC filing dates

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^*

FILLER LINDA

(Last) (First) (Middle)

2200 PENNSYLVANIA AVENUE, NW

SUITE 800W

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20037

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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

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

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

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
Phantom shares(1)	$0(2)	04/24/2026		A		20.121		(3)	(3)	Common Stock(1)	20.121	$177.25	8,936.403	D

Explanation of Responses:

1. Under the terms of the Non-Employee Directors Deferred Compensation Plan (the "Plan") established under the Danaher Corporation 2007 Omnibus Incentive Plan, the reporting person can defer all or part of the cash director fees s/he is entitled to receive each quarter. Amounts deferred under the plan (which includes dividend accruals on plan balances and may also include cash director fees) are converted into a particular number of notional shares of Danaher common stock, calculated based on the closing price of Danaher's common stock on the quarterly date such amounts otherwise would have been paid. The price shown in Table II, Column 8 above is the closing price per share of the Danaher common stock as reported on the NYSE on the transaction date noted above.

2. Upon distribution, the phantom shares convert into shares of Danaher common stock on a one-for-one basis.

3. The reporting person is fully vested in all amounts deferred under the Plan.

Remarks:

	/s/ James F. O'Reilly, attorney-in-fact for Linda Filler	04/28/2026
	** 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.
* Form 4: SEC 1474 (03-26)