Company: DHR
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0000313616-25-000081
Chunk: 35

Company: DANAHER CORP /DE/
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 35
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 and the interests of our executive officers, and (3) between the Company’s strategic plan and executive compensation program. These improvements have included:

| 2025 Notice of Annual Meeting and Proxy Statement |     | 39 |

• the 2025 adoption of an incremental, misconduct-based compensation clawback policy to complement our already-rigorous restatement-based clawback policy (as discussed in further detail below);

• shortening of the vesting period for stock options (and RSUs as applicable) granted to executive officers to four years, to balance retention considerations with the traditional, long-term focus of our program;

• introduction of a core revenue growth performance metric in our executive short-term incentive compensation program; and

• making our executive long-term incentive compensation program entirely performance-based.

The Committee has enhanced our executive compensation program over the last several years to reinforce our performance-oriented culture and expects to continue to improve the program as appropriate. However, the Committee also believes that consistent use of best-practice designs is important in effectively communicating key messages to our executives and as a result the Committee does not revise the program to align with emerging trends unless it sees a clear business rationale for Danaher.

2024 Say-On-Pay Vote

We provide our shareholders the opportunity to cast an annual advisory vote with respect to our NEO compensation as disclosed in our annual proxy statement (the “say on pay proposal”). At our annual meeting of shareholders in May 2024, 93% of the votes cast on the say on pay proposal were voted in favor of the proposal . The Committee believes this result affirms shareholders’ support of the Company’s NEO compensation and did not make changes to the Company’s executive compensation program as a result of such vote.

2024 Annual Executive Compensation

The chart below summarizes key information with respect to each pay element represented in Danaher’s 2024 annual executive compensation program:

| 2025 Notice of Annual Meeting and Proxy Statement |     | 40 |

| Pay Element:                                                                                                                                                                                                                                 
 Annual Long-Term Incentive Compensation (Equity)                                                                                                                                                                                             |     |                                                                       |     |                                                                   |     | Pay Element:                                                                                                                                                                                                                                                   
 Annual Cash Incentive Compensation                                                                                                                                                                                                                             |
| Primary Objectives:                                                                                                                                                                                                                          |     |                                                                       |     |                                                                   |     | Primary Objectives:                                                                                                                                                                                                                                            |
| •Attract, retain and motivate skilled executives                                                                                                                                                                                             
 •Align the interests of management and shareholders by ensuring that realized compensation is:                                                                                                                                               
 ◦in the case of stock options