Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 261

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 261
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 which were outstanding as of September 30, 2023 and held by Veralto employees which have been terminated and replaced by Veralto with Veralto equity awards as part of the Separation.(b) The “expected to vest” options are the net unvested options that remain after applying the forfeiture rate assumption to total unvested options.The aggregate intrinsic value in the table above represents the total pretax intrinsic value (the difference between the Company’s closing stock price on the last trading day of 2024 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on December 31, 2024.  The amount of aggregate intrinsic value will change based on the price of the Company’s common stock. The weighted average per share grant-date fair values of options granted during 2024, 2023 and 2022 were $83.12, $68.92 and $71.35, respectively. 

95

Options outstanding as of December 31, 2024 are summarized below (shares in millions): OutstandingExercisableExercise PriceSharesAverage Exercise PriceAverage Remaining Life (in years)SharesAverage Exercise Price$58.08 to $76.472.0 $69.42 22.0 $69.42 $76.48 to $125.353.2 96.46 43.2 96.46 $125.36 to $201.593.3 166.06 52.0 159.52 $201.60 to $230.502.4 221.19 80.6 220.63 $230.51 to $266.203.2 249.75 80.9 248.88 The aggregate intrinsic value of options exercised during the years ended December 31, 2024, 2023 and 2022 was $413 million, $259 million and $288 million, respectively.  Exercise of options during the years ended December 31, 2024, 2023 and 2022 resulted in cash receipts of $259 million, $148 million and $130 million, respectively.  Upon exercise of the award by the employee, the Company derives a tax deduction measured by the excess of the market value over the grant price at the date of exercise.  The Company realized a tax benefit of $79 million, $48 million and $48