Company: DHR
Filing Date: 2025-03-26
Form Type: ARS
Source: 0000313616-25-000085
Chunk: 166

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: ARS
Chunk 166
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 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” repurchased 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): 2024 2023 2022 Preferred 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 period 880.5 869.3 855.7 Issuance of common stock attributable to stock-based compensation 3.8 2.6 2.6 Conversion of MCPS to common stock — 8.6 11.0 Balance, end of period 884.3 880.5 869.3 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