Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 255

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 255
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 31, 2024, the Company repurchased approximately 20.0 million shares of the Company’s common stock for approximately $5.2 billion (which included $52 million of excise taxes which will be paid in 2025) as part of the Completed Repurchase Program.  Included within the shares repurchased under the Completed Repurchase Program in the year ended December 31, 2024 is the repurchase of $173 million of shares from the Danaher Corporation & Subsidiaries Pension Plan, a related party, at fair market value at the time of the purchase.  On July 22, 2022, the Company repurchased approximately 4 thousand shares of the Company’s common stock for $1 million as part of the Completed Repurchase Program.  As of December 31, 2024, no shares remained available for repurchase pursuant to the Completed Repurchase Program.  

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On July 22, 2024, the Company’s Board of Directors approved a new repurchase program (the “New Repurchase Program”) authorizing the repurchase of up to 20 million shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions.  During the year ended December 31, 2024, the Company repurchased 3.5 million shares of the Company’s common stock for $817 million (which included $8 million of excise taxes which will be paid in 2025) as part of the New Repurchase Program.  As of December 31, 2024, 16.5 million shares remained available for repurchase pursuant to the New Repurchase Program.  In January 2025, the Company repurchased 4.5 million shares of the Company’s common stock for approximately $1.1 billion (which included $11 million of excise taxes which will be paid in 2026) under the New Repurchase Program.  There is no expiration date for the New Repurchase Program, and the timing and amount of any additional shares repurchased under the program will be determined by members of the Company’s management based on its evaluation of market conditions and other factors.  The New Repurchase Program may be suspended or discontinued at any time.  Any repurchased shares will be available for use in connection with the Company’s equity compensation plans (or any successor plans) and for other corporate purposes. Except as discussed above, neither the Company nor any “affiliated purchaser” rep