Company: DHR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000313616-25-000043
Chunk: 262

Company: DANAHER CORP /DE/
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 262
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 million in 2024, 2023 and 2022, respectively, related to the exercise of employee stock options. The following summarizes information on unvested RSU and PSU activity (in millions, except weighted average grant-date fair value):Number of RSUs/PSUsWeighted AverageGrant-Date Fair ValueUnvested as of January 1, 20223.5 $135.92 Granted1.2 235.47 Vested(1.1)121.04 Forfeited(0.3)235.47 Unvested as of December 31, 20223.3 168.03 Granted1.2 219.29 Vested(0.9)148.90 Forfeited(0.3)204.97 Adjustment due to Separation(a)(0.4)211.14 Unvested as of December 31, 20232.9 185.41 Granted0.7 253.55 Vested(1.1)164.80 Forfeited(0.2)201.00 Unvested as of December 31, 20242.3 214.65 (a)    The “Adjustment due to Separation” reflects the cancellation of RSUs and PSUs 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.The Company realized a tax benefit of $28 million, $32 million and $37 million in the years ended December 31, 2024, 2023 and 2022, respectively, related to the vesting of RSUs and PSUs.  The excess tax benefit of $70 million, $51 million and $61 million related to the exercise of employee stock options and vesting of RSUs and PSUs for the years ended December 31, 2024, 2023 and 2022, respectively, has been recorded as a reduction to the current income tax provision and is reflected as an operating cash inflow in the accompanying Consolidated Statements of Cash Flows. In connection with the exercise of certain stock options and the vesting of RSUs previously issued by the Company, a number of shares sufficient to fund statutory minimum tax withholding requirements has been withheld from the total shares issued or released to the award holder (though under the