Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 256

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 256
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urchased any shares of Company common stock during 2024, 2023 or 2022.  The following table summarizes the Company’s share activity for the years ended December 31 (shares in millions):202420232022Preferred stock - shares issued:Balance, beginning of period— 1.7 3.4 Conversion of MCPS to common stock— (1.7)(1.7)Balance, end of period— — 1.7 Common stock - shares issued:Balance, beginning of period880.5 869.3 855.7 Issuance of common stock attributable to stock-based compensation3.8 2.6 2.6 Conversion of MCPS to common stock— 8.6 11.0 Balance, end of period884.3 880.5 869.3 As of April 17, 2023, all outstanding shares of the Company’s 5.00% MCPS Series B converted to common shares at a rate of 5.0175 common shares per share of preferred stock into an aggregate of 8.6 million shares of the Company’s common stock, pursuant to the terms of the Certificate of Designation governing the Series B Preferred Stock.  Danaher issued cash in lieu of fractional shares of common stock in the conversion.  The final quarterly cash dividend of $12.50 per share was paid on April 17, 2023.  On April 15, 2022, all outstanding shares of the Company’s 4.75% MCPS Series A converted to common shares at a rate of 6.6632 common shares per share of preferred stock into an aggregate of 11.0 million shares of the Company’s common stock, pursuant to the terms of the Certificate of Designation governing the Series A Preferred Stock.  Danaher issued cash in lieu of fractional shares of common stock in the conversion.  The final quarterly cash dividend of $11.875 per share was paid on April 15, 2022.  Stock-Based CompensationStock options, RSUs and PSUs have been issued to directors, officers and other employees under the Company’s 2007 Omnibus Incentive Plan.  The 2007 Omnibus Incentive Plan provides for the grant of stock options, stock appreciation rights, RSUs, restricted stock, PSUs or any other stock-based award and cash-based awards.  A total of approximately 135 million shares