Company: DHR
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0000313616-25-000081
Chunk: 42

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 42
---
 Any dividends paid on the Company’s Common Stock during the performance and holding periods are credited to

| 2025 Notice of Annual Meeting and Proxy Statement |     | 44 |

PSU accounts, but are only paid (in cash) to the extent the underlying PSUs vest based on performance and are not paid until the shares underlying the vested PSUs are issued.

PSUs Earned for 2022-2024 Performance Period

No PSUs were earned for the 2022-2024 performance period, which ended December 31, 2024, as a result of the Company’s three-year absolute TSR of -4.28% ranking at the 29 th percentile relative to the TSRs of the companies in the S&P 500 index as of the beginning of the performance period (February 24, 2022).

Annual Incentive Awards

Overview

The diagram below illustrates the 2024 annual incentive award opportunities the Committee established for the Company’s NEOs in February 2024 under the Omnibus Plan, each element of which is further described below.

|             |     |   |     |                         |     |   |     |                             |     |   |     | Company Payout Percentage 
 (60%)                     |
|             |     |   |     |                         |     |   |     |                             |     | l |     |                           |
| Base Salary |     |   |     | Target Bonus Percentage |     |   |     | Composite Payout Percentage |     |   |     |                           |
|             |     | X |     | X                       |     |   |     | +                           |     |   |     |                           |
|             |     |   |     |                         |     | j |     |                             |     |   |     |                           |
|             |     |   |     |                         |     |   |     | Personal Payout Percentage  
 (40%)                       |     |   |     |                           |

Target Bonus Percentage and Personal Payout Percentage

In February 2024, the Committee established NEO target bonus percentages (as a multiple of base salary) and the personal performance objectives described below, including quantitative and qualitative objectives as well as objectives based on financial and non-financial measures. The Committee did not assign a particular weighting to any of the objectives. The Committee set the quantitative objectives at levels that, while achievable, would in its opinion require personal performance appreciably above the executive’s prior year performance level.

| 2025 Notice