Item 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the New York Stock Exchange under the symbol DHR. As of February 3, 2025, there were 2,076 holders of record of Danaher’s common stock.
Any future payments of dividends on the Company’s common stock will be determined by Danaher’s Board of Directors and will depend on business conditions, Danaher’s earnings and other factors Danaher’s Board deems relevant.
Issuer Purchases of Equity Securities
On July 16, 2013, the Company’s Board of Directors approved a repurchase program (the “Completed 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. As of December 31, 2024, no shares remained available for repurchase pursuant to the Completed Repurchase Program. 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. There is no expiration date for the New Repurchase Program, and the timing and amount of any 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.
The following table presents a summary of share repurchases made during the quarter ended December 31, 2024 (all share repurchases were made under the New Repurchase Program):
| Period | Total Number of Shares Purchased | Average Price Paid Per Share**(a)** | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | ||||||||||||||||||||||
| September 28, 2024 - October 25, 2024 | — | $ | — | — | 20,000,000 | |||||||||||||||||||||
| October 26, 2024 - November 22, 2024 | — | — | — | 20,000,000 | ||||||||||||||||||||||
| November 23, 2024 - December 31, 2024 | 3,485,086 | 231.99 | 3,485,086 | 16,514,914 | ||||||||||||||||||||||
| Total | 3,485,086 | $ | 231.99 | 3,485,086 | 16,514,914 |
(a) Amounts exclude excise taxes and other transaction costs.
The Company expects to fund any future stock repurchases using the Company’s available cash balances or proceeds from the issuance of debt. Refer to Note 18 to the Consolidated Financial Statements included in this Annual Report for additional discussion of the Company’s common stock repurchase program. The Company repurchased shares of Company common stock during 2024 and 2022 as described in Note 18. Neither the Company nor any “affiliated purchaser” repurchased any shares of Company common stock during 2023.
Recent Issuances of Unregistered Securities
None
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