Company: DHR
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0000313616-25-000081
Chunk: 39

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 39
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. Blair’s performance and potential, informed in particular by Danaher's focus on long-term value creation.

Equity Award Mix

Annual Equity Awards

With respect to each of the NEO's 2024 annual equity awards, one-half of the target award value was delivered as stock options and one-half as PSUs. Please see “Compensation Tables and Information — Grants of Plan-Based Awards” for the grant date fair value of the annual equity awards granted to each NEO.

The Committee believes that the combination of stock options and PSUs incentivizes and rewards shareholder value creation while supporting our talent retention objectives:

• Stock options and PSUs inherently incentivize shareholder value creation since option holders realize no value unless our stock price rises after the option grant date and the value of PSUs is tied directly to the Company’s TSR performance relative to the S&P 500.

• Our 2024 NEO stock options vest over four years and have a ten-year term and our 2024 NEO PSUs are subject to a three-year performance period and a further two-year holding period. In aggregate, these periods promote stability and encourage officers to take a long-term view of our performance.

• The Committee believes our stock option award program in particular has contributed significantly to our strong long-term performance record, which in turn has generally made our stock option awards valuable over the long-term and effective in recruiting, motivating and retaining highly skilled officers.

| 2025 Notice of Annual Meeting and Proxy Statement |     | 43 |

Special Equity Awards

In 2024, in addition to annual equity awards, Dr. Gutierrez-Ramos received a special equity grant with a target value of $1.5 million, Ms. Couchara received a special equity grant with a target value of $750,000 and Mr. Weidemanis received a special equity grant with a target value of $500,000 (in each case, split evenly between stock options and time-vesting RSUs). The special equity grants vest annually over four years. In light of competitive pressures with respect to these roles, the Committee intended for these additional grants to enhance the amount and retention value of these officers' Danaher equity stakes.

The Committee believes the use of RSUs on a selective basis supports the Company’s executive officer retention objectives while also reinforcing long-term shareholder value creation. While RSUs offer more modest upside potential than stock options or PSUs, during periods of stock market declines or modest growth they are more likely to support our talent retention objectives. In addition, RSUs inherently