Company: DHR
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0000313616-25-000081
Chunk: 45

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 45
---
.

In determining the target performance level and payout percentage curve for the Metrics, the Committee considered historical performance data for the Company and its peer group, analyst estimates for the Company’s peer group, the Company’s annual budget and macroeconomic/end-market trends. The Committee set the 2024 threshold, target and maximum performance values for Adjusted EPS lower than for 2023 primarily because of expected lower year-over-year customer demand due to anticipated lower respiratory testing requirements, customer reductions of inventory levels and lower end-market demand in particular geographies including China. The Committee set the 2024 performance values for Core Revenue Growth at higher year-over-year levels that correspond with the Adjusted EPS values, while the 2024 performance values for the Free Cash Flow Ratio were consistent year-over-year. The Compensation Committee believes the performance values it established for 2024 appropriately reflected the applicable economic and operating environment and incentivized attractive, relative performance.

Following the end of 2024, the Company Payout Percentage was calculated as follows:

|                      |     |        |     | 2024 Performance/Payout Matrix |     |   |     |        |     |                          |     |               |     |              |     |        |     |                           |     |                    |     |                  |     |                            |      |     |          |
| Metric               |     |        |     | Threshold Performance Level    |     |   |     |        |     | Target Performance Level |     |               |     |              |     |        |     | Maximum Performance Level |     | Payout %           
 (Before Weighting) |     | Metric Weighting |     |                            |      |     | Weighted 
 Payout % |
| Adjusted EPS         |     |        |     |                                |     |   |     |        |     | Actual $7.51             |     |               |     |              |     |        |     |                           |     | 90.0%              |     |                  |     |                            |      |     | 54%      |
|                      |     |        |     |                                |     | q |     |        |     |                          |     |               |     |              |     |        |     |                           |     |                    |     |                  |     |                            |      |     |          |
|                      |     |  $7.15 |     |                                |     |   |     |  $7.60 |     |                          |     |               |