Director Teri List filed a Form 4 with the SEC on November 2, 2026, reporting the acquisition of 13.222 phantom shares of Danaher Corporation common stock on October 30, 2026, under the company's Non-Employee Directors Deferred Compensation Plan.

Key Highlights

  • Reporting person: Teri List, listed as a Director of Danaher Corporation (NYSE:DHR)
  • Transaction date: October 30, 2026, with 13.222 phantom shares acquired (transaction code A)
  • Conversion price: $232.23 per share, described as the NYSE closing price of Danaher common stock on the transaction date
  • Total phantom shares held following transaction: 7,689.337, held directly
  • Vesting status: The filing states the reporting person "is fully vested in all amounts deferred under the Plan"
  • Conversion terms: Upon distribution, phantom shares convert into shares of Danaher common stock on a one-for-one basis

Danaher Director Teri List Reports Deferred Compensation Phantom Share Accrual

According to the Form 4 filed on November 2, 2026, Teri List, a director of Danaher Corporation, acquired 13.222 phantom shares on October 30, 2026, under the Danaher Corporation Non-Employee Directors Deferred Compensation Plan, which is established under the Danaher Corporation Omnibus Incentive Plan. The acquisition carries transaction code A, indicating securities acquired.

The filing explains that under the Plan, a non-employee director may defer all or part of the cash director fees he or she is entitled to receive each quarter. The filing states that "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 used for the October 30, 2026 conversion was $232.23 per share, described as the NYSE closing price on that date.

The derivative security has a stated conversion or exercise price of $0. Following this transaction, List beneficially owns 7,689.337 phantom shares directly. The filing notes that upon distribution, the phantom shares convert into shares of Danaher common stock on a one-for-one basis, and that the reporting person is fully vested in all amounts deferred under the Plan. The Form 4 was signed by James F. O'Reilly as attorney-in-fact for Teri L. List.

What Was Disclosed

Teri List, a Danaher Corporation director, reported a deferred compensation accrual of 13.222 phantom shares at $232.23 per share on October 30, 2026, bringing her total phantom share balance to 7,689.337, all held directly and fully vested.