SEC Form 11-K filed by Veralto Corp

5/29/26 8:08:01 AM ET

$VLTO

Electrical Products

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM			11-K

FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS AND SIMILAR

PLANS PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


ý			ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2025


¨			TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 001-41770


A.			Full title of the plan and the address of the plan, if different from that of the issuer named below:

Veralto Corporation & Subsidiaries Savings Plan


B.			Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

Veralto Corporation

225 Wyman Street, Suite 250

Waltham, Massachusetts 02451

781-755-3655

VERALTO CORPORATION & SUBSIDIARIES SAVINGS PLAN

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2025 AND 2024

AND FOR THE YEAR ENDED DECEMBER 31, 2025,

SUPPLEMENTAL SCHEDULE AS OF DECEMBER 31, 2025 AND

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

VERALTO CORPORATION & SUBSIDIARIES SAVINGS PLAN INDEX

FORM 11-K


		Page

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM		1

FINANCIAL STATEMENTS

Statements of Net Assets Available for Benefits as of December 31, 202 5 and 202 4		2
Statement of Changes in Net Assets Available for Benefits for the Year Ended December 31, 202 5		3
Notes to Financial Statements as of December 31, 202 5 and 202 4		4

SUPPLEMENTAL SCHEDULE


Form 5500, Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 202 5		9

SIGNATURE		14

EXHIBIT

Exhibit Number	Exhibit Description

23.1	Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm	15

Report of Independent Registered Public Accounting Firm

To the Plan Participants and the Plan Administrator of Veralto Corporation & Subsidiaries Savings Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of Veralto Corporation & Subsidiaries Savings Plan (the Plan) as of December 31, 2025 and 2024, and the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2025 and 2024, and the changes in its net assets available for benefits for the year ended December 31, 2025, in conformity with U.S. generally accepted accounting principles.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Schedule Required by ERISA

The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2025, (referred to as the “supplemental schedule”), has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The information in the supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the information, we evaluated whether such information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole.

/s/ Ernst & Young LLP

We have served as the Plan’s auditor since 2024.

Providence, Rhode Island

May 29, 2026

VERALTO CORPORATION & SUBSIDIARIES SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

AS OF DECEMBER 31, 2025 AND 2024

($ in millions)


	2025		2024
ASSETS
Investments, at fair value	$	1,300.8	$	1,166.1

Receivables:
Employer contributions	4.4		3.6

Notes receivable from participants	12.0		11.0

Total receivables	16.4		14.6
Total assets	1,317.2		1,180.7





NET ASSETS AVAILABLE FOR BENEFITS	$	1,317.2	$	1,180.7

See the accompanying Notes to the Financial Statements.

VERALTO CORPORATION & SUBSIDIARIES SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2025

($ in millions)


ADDITIONS
Contributions:
Participant	$	60.4
Rollovers	15.1
Employer	43.5
Total contributions	119.0
Investment income:
Net appreciation in the fair value of investments	150.6
Interest and dividend income	4.5
Total investment income	155.1
Interest income on notes receivable from participants	1.0
Total additions	275.1
DEDUCTIONS

Benefit payments	(137.6)
Administrative expenses	(1.0)
Total deductions	(138.6)


NET INCREASE IN ASSETS AVAILABLE FOR BENEFITS	136.5
NET ASSETS AVAILABLE FOR BENEFITS:
Beginning of year	1,180.7
End of year	$	1,317.2

See the accompanying Notes to the Financial Statements.

VERALTO CORPORATION & SUBSIDIARIES SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

AS OF DECEMBER 31, 2025 AND 2024

NOTE 1. DESCRIPTION OF THE PLAN

The following description of the Veralto Corporation & Subsidiaries Savings Plan (the "Plan") provides only general information. Participants should refer to the formal legal documents of the Plan and the summary plan description for a more complete description of the Plan's provisions and a full explanation of all limitations, adjustments and special cases in the Plan.

General

Veralto Corporation ("Veralto" or the "Company" or the "Plan Sponsor") is a global leader in essential water and product quality solutions dedicated to Safeguarding the World’s Most Vital ResourcesTM. Veralto is a Delaware corporation and was incorporated in 2022 in connection with the separation from Danaher Corporation (“Danaher” or “Former Parent”) on September 30, 2023 (the “Separation”).

Prior to the Separation, certain Veralto employees participated in the Danaher Corporation & Subsidiaries Savings Plan (the "Danaher Plan"). On September 29, 2023, the account balances of Veralto employees participating in the Danaher Plan were transferred into the Plan.

The Plan is a defined contribution plan established for eligible full-time and part-time U.S.-based employees, or employees outside of the U.S. as expatriates paid through U.S. payroll, of Veralto, effective September 30, 2023. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") and is administered by the Benefits Committee ("Plan Administrator") through the trustee, Fidelity Management Trust Company ("Fidelity" or the "Trustee" or the "Recordkeeper"). Fidelity provides recordkeeping services and trust services. Significant provisions related to contributions, benefit payments, and investments are provided below.

Company Stock Fund

The Plan invests in common stock of the Company through the Veralto Corporation Stock Fund (the "Company Stock Fund"). The Company Stock Fund may also hold cash or other short-term securities, although these are expected to be a small percentage of the fund.

Contributions

Eligible participants may contribute up to 75% of their eligible compensation (traditional pre-tax, Roth after-tax or combined basis), up to applicable IRS limits. Employee contributions and the earnings or losses thereon are fully vested at all times.

The Company immediately matches 100% of each dollar contributed by participants (traditional pre-tax, Roth after-tax or combined basis) on the first 3% of eligible pay plus 50% of each dollar contributed on the next 2% of eligible pay for employees. These matching contributions are considered "safe harbor" matching contributions and are made to participant accounts each payroll period. Participants are fully vested in the value of the "safe harbor" matching contributions.

In addition to the Company's matching contributions, after certain participants complete one year of continuous service, the Company may make additional retirement contributions on behalf of the participants. This discretionary Company retirement contribution may equal up to 2% of eligible participants' eligible pay and is contributed each payroll period to participant accounts.

In addition, for participants that are active on the last day of the Plan year and have annual earnings that exceed the Social Security wage base for the Plan year, an additional retirement contribution of annual eligible earnings above the Social Security wage base and below the maximum eligible wages as determined by the IRS each year may be contributed by the Company to participants' accounts subsequent to the Plan year end. For the year ended December 31, 2025, an additional retirement contribution of 2% of annual eligible earnings, as described above, was contributed by the Company.

The Company's discretionary retirement contributions are determined at the discretion of the Plan Sponsor. With respect to all discretionary retirement contributions, participants generally become fully vested on the earlier of the date of completion of three years of service, retirement at or after age 65, complete disability or death.

Benefit Payments

Participants who attain normal retirement age shall be entitled to payment of the balance in their account. Participants who remain employed after attainment of normal retirement age shall continue to participate under the same terms and conditions as applied prior to reaching normal retirement age. Participants are required to begin receiving distributions no later than the April 1 following the later of the year in which they retire from the Company or the year in which the participant turns age 73.

The beneficiary or beneficiaries of deceased participants shall be entitled to payment of the participants' account balance within a reasonable period of time after the participants' death.

Upon total and permanent disability, participants shall be entitled to payment of the balance in their account within a reasonable period of time after termination of employment.

Upon participants' termination of employment for reasons other than as specified above, participants are entitled to payment of their vested account balance. If the vested value of the participants' account is $1,000 (applied separately to Roth and non-Roth balances) or less, payment will automatically be made in a single lump sum. If the vested value of the participants' Roth balances or non-Roth balances is greater than $1,000 and does not exceed $7,000, the Plan Administrator will automatically roll over the Roth balances or non-Roth balances to a separate Fidelity IRA. If the vested value of the participants' account is more than $7,000, the participant must contact the Plan Administrator to request a distribution.

Eligible participants may request a withdrawal of all or a portion of their vested account while still working for the Company in accordance with procedures established by the Plan Administrator, subject to certain limitations and tax penalties. Different withdrawal rules apply to different Plan accounts.

Notes Receivable from Participants

Participants may receive a loan from the Plan in accordance with the policy established by the Plan Sponsor. Any such loan or loans shall not exceed the lesser of 50% of the participants' vested account balance or $50,000 reduced by the participants' highest outstanding loan balance from the Plan during the one-year period ending on the day before the loan is made. The Plan Administrator shall establish the maximum maturity period that will be permitted to prevent the loan from being treated as a distribution. Plan provisions require that all loans must be paid back within 60 months. The Plan Administrator may require loan payments to be made through payroll deductions. No allowance for credit loss has been recorded as of December 31, 2025 and 2024, respectively.

Participant Accounts

Each participant account is credited with the participant’s contributions, employer safe harbor contributions, employer retirement contributions and an allocation of Plan earnings or losses, and is charged quarterly with administrative expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Participants direct the investment of contributions into various options offered by the Plan.

Administrative Expenses

The Plan’s administrative expenses are paid by the Plan, by debiting the forfeited account, fees account or each participant's account, as provided by the Plan’s provisions. Administrative expenses paid by the Plan include recordkeeping and trustee fees. Expenses relating to purchases, sales or transfers of the Plan’s investments are charged to the particular investment fund to which the expenses relate.

Unallocated Accounts

As December 31, 2025 and 2024, unallocated non-vested accounts, including forfeited amounts, totaled $1.5 million and $0.3 million, respectively. These will be used to reduce future employer contributions and to pay administrative expenses.

Termination of the Plan

Although the Company, as the Plan Sponsor, has not expressed an intention to do so, the Plan may be terminated at any time. In the event of termination of the Plan, the account balances of participants as of the date of termination shall immediately become nonforfeitable.

NOTE 2. SIGNIFICANT ACCOUNTING POLICIES

Basis of Accounting

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP").

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and judgments that affect the reported amounts of assets, liabilities and changes therein, and the related disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Risks and Uncertainties

Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

Notes Receivable from Participants

Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. Related fees are recorded as administrative expenses and are expensed when they are incurred. If participants cease to make loan repayments and have reached a distributable event, the loan balance is reduced and a benefit payment is recorded.

Investments

Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Refer to Note 3 for discussion of fair value measurements.

Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date. The income of each fund is reinvested in that fund. Net appreciation includes the Plan's gains and losses on the investments bought, sold and held during the year.

Payment of Benefits

Benefits are recorded when paid.

NOTE 3. FAIR VALUE MEASUREMENTS

Accounting standards define fair value based on an exit price model, establish a framework for measuring fair value where the assets and liabilities are required to be carried at fair value and provide for certain disclosures related to the valuation methods used within a valuation hierarchy as established within the accounting standards. This hierarchy prioritizes the inputs into three broad levels as follows.

•Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

•Level 2 inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active, or other observable characteristics for the asset or liability, including interest rates, yield curves and credit risks, or inputs that are derived principally from, or corroborated by, observable market data through correlation.

•Level 3 inputs are unobservable inputs based on the Plan’s assumptions. A financial asset’s or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The fair values of the Plan's investments as of December 31, 2025, by asset category were as follows ($ in millions):


	Measured at Net Asset Value(1)		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total


Money market funds	$	—	$	0.3	$	—	$	—	$	0.3
Common stock	—		248.0		—		—		248.0
Mutual funds	—		48.1		—		—		48.1
Corporate bonds	—		—		0.2		—		0.2

Self-directed brokerage account	—		113.6		—		—		113.6
Common/collective trusts	890.6		—		—		—		890.6
Total investments, at fair value	$	890.6	$	410.0	$	0.2	$	—	$	1,300.8

The fair values of the Plan's investments as of December 31, 2024, by asset category were as follows ($ in millions):


	Measured at Net Asset Value(1)		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total


Money market funds	$	—	$	1.4	$	—	$	—	$	1.4
Common stock	—		328.6		—		—		328.6
Mutual funds	—		38.9		—		—		38.9
Corporate bonds	—		—		0.3		—		0.3

Self-directed brokerage account	—		92.6		—		—		92.6
Common/collective trusts	704.3		—		—		—		704.3
Total investments, at fair value	$	704.3	$	461.5	$	0.3	$	—	$	1,166.1

(1) In accordance with the Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurements, certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient (the "NAV") have not been classified in the fair value hierarchy. These investments, consisting of common collective trusts, are valued using the NAV provided by the Trustee. The NAV is based on the underlying investments held by the fund that are traded in the active market, less its liabilities. These investments can be redeemed in the near-term.

Following is a description of the valuation techniques and inputs used for each major class of assets measured at fair value.

Money market funds, common stock and mutual funds are valued at the quoted closing price reported on the active market on which the individual securities are traded.

Corporate bonds that are not traded on an active market are valued at quoted prices reported by investment brokers and dealers based on the underlying terms of the security and comparison to similar securities traded on an active market.

The self-directed brokerage consists of common stock, bonds, mutual funds and exchange-traded funds ("ETFs"), which are valued at the last reported sales price on the last business day of the year.

Investment units in the common/collective trusts are valued at the current NAV. The NAV as reported by the Trustee is used as a practical expedient to estimate fair value, which is based on the fair value of the underlying assets in the trust, less its liabilities.

The methods described above may produce a fair value estimate that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes the valuation methods are appropriate and

consistent with the methods used by other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

NOTE 4. TAX STATUS OF THE PLAN

The Plan received a determination letter from the Internal Revenue Service ("IRS") dated April 28, 2025 stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the "Code") and, therefore, its related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was amended. The Plan sponsor believes that the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as amended, is qualified, and the related trust is tax-exempt.

GAAP requires Plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The Plan Sponsor has analyzed the tax positions taken by the Plan and has concluded that as of December 31, 2025 and 2024, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits of the Plan for any tax periods in progress.

NOTE 5. RELATED PARTY TRANSACTIONS AND PARTIES IN INTEREST TRANSACTIONS

Certain investments are held in shares of mutual funds managed by Fidelity. Fidelity is the Trustee as defined by the Plan, therefore, these qualify as party in interest transactions.

Additionally, as of December 31, 2025 and 2024, the Plan invested in 0.5 million and 0.3 million shares, respectively of Veralto common stock as part of the Veralto Corporation Stock Fund.

Effective May 9, 2025, the Danaher Corporation Stock Fund was discontinued and the remaining assets were reallocated to other available funds within the Plan.

SUPPLEMENTAL SCHEDULE

Veralto Corporation & Subsidiaries Savings Plan

EIN: 92-1941413, Plan No. 001

FORM 5500, SCHEDULE H, LINE 4i — SCHEDULE OF ASSETS (HELD AT END OF YEAR)

AS OF DECEMBER 31, 2025

(a)

(b) Identity of issue, borrower, lessor or similar party

investment including

maturity date, rate of

interest, collateral, par, or

maturity value

(d) Cost

(e) Current value

Money Market Fund

Fidelity® Investments Money Market Government Portfolio Class I

430,835

units

254,176

Common/Collective Trusts

Fidelity Managed Income Portfolio II Class 2

39,822,923

units

39,822,923

American Beacon Small Cap Value Fund

669,813

units

15,132,491

DoubleLine Core Plus Fixed Income Fund Class 1

1,754,947

units

22,691,461

GQG Partners International Equity CIT Class D

1,002,985

units

19,316,181

WTC CIF II Select Leaders Collective Investment Trust Series 2

1,590,548

units

20,247,671

Geneva Small Cap Growth Collect Fund Class C

1,490,809

units

15,118,442

BlackRock MSCI ACW Ex-US IM Non-Lendable Fund

1,337,050

units

37,911,382

BlackRock Equity Index Non-Lendable Fund

2,217,872

units

139,031,301

BlackRock Russell 2500 Index Non-Lendable Fund

719,076

units

27,955,888

BlackRock US Debt Index Non-Lendable Fund

1,059,627

units

13,500,704

BlackRock LifePath® Index Retirement Fund Institutional Shares

3,594,836

units

60,275,700

BlackRock LifePath® Index 2030 Fund Institutional Shares

4,082,766

units

81,862,715

BlackRock LifePath® Index 2035 Fund Institutional Shares

4,454,780

units

98,365,561

BlackRock LifePath® Index 2040 Fund Institutional Shares

3,091,204

units

74,470,188

BlackRock LifePath® Index 2045 Fund Institutional Shares

2,979,558

units

77,192,602

BlackRock LifePath® Index 2050 Fund Institutional Shares

2,291,885

units

62,277,389

BlackRock LifePath® Index 2055 Fund Institutional Shares

1,818,207

units

50,211,787

BlackRock LifePath® Index 2060 Fund Institutional Shares

870,305

units

24,060,093

BlackRock LifePath® Index 2065 Fund Institutional Shares

549,176

units

11,105,990

890,550,469

Registered Investment Companies (Mutual Funds)

Dodge & Cox International Stock Fund

1,173,147

19,309,999

(a)

(b) Identity of issue, borrower, lessor or similar party

investment including

maturity date, rate of

interest, collateral, par, or

maturity value

(d) Cost

(e) Current value

PIMCO Total Return Fund Institutional Class

2,557,906

22,663,049

Dreyfus Government Cash Management Institutional

939,008

PIMCO Inflation Response Multi-Asset Fund Institutional

565,279

5,234,481

48,146,537

Common Stock

Air Products & Chemicals Inc

5,066

1,251,403

Alphabet Inc Class A

8,180

2,560,340

Alphabet Inc Class C

30,166

9,466,091

Altria Group Inc

13,750

792,825

Amazon.com Inc

47,241

10,904,168

Apple Inc

63,195

17,180,193

ASML Holding NV NY

1,280

1,369,421

Adyen BV

165

226,875

Berkshire Hathaway Inc Class B

2,697

1,355,647

BlackRock Inc

1,491

1,595,877

Broadcom Inc

24,415

8,450,031

Carvana Co Cl A

16,043

6,770,467

Chevron Corp

7,972

1,215,012

Chipotle Mexican Grill Inc

19,978

739,186

Chubb Ltd

7,072

2,207,313

Cincinnati Financial Corp

5,294

864,616

Cintas Corp

1,920

361,094

Cisco Systems Inc

15,512

1,194,889

Colgate-Palmolive Co

5,593

441,959

Constellation Energy Corp

2,456

867,631

Corning Inc

24,053

2,106,081

CrowdStrike Holdings Inc

1,418

664,702

Crown Castle Inc

6,132

544,951

Cummins Inc

2,600

1,327,170

Danaher Corp

3,927

898,969

Datadog Inc Cl A

1,819

247,366

Dominion Energy Inc

22,582

1,323,079

(a)

(b) Identity of issue, borrower, lessor or similar party

investment including

maturity date, rate of

interest, collateral, par, or

maturity value

(d) Cost

(e) Current value

DoorDash Inc

3,461

783,847

Eli Lilly & Co

4,955

5,325,039

Fastenal Co

23,340

936,634

GE Aerospace

9,950

3,064,898

GE Vernova Inc

1,765

1,153,551

Goldman Sachs Group Inc

757

665,403

Intuitive Surgical Inc

4,283

2,425,720

Johnson & Johnson

6,641

1,374,355

Linde plc

1,131

482,247

Lowes Cos Inc

4,952

1,194,224

Marsh & McLennan Cos Inc

2,640

489,773

Mastercard Inc Cl A

6,716

3,834,030

Medline Inc

3,540

148,680

Meta Platforms Inc Cl A

12,731

8,403,606

Microsoft Corp

43,869

21,215,926

Mondelez Intl Inc

4,834

260,214

Monolithic Power Sys Inc

903

818,443

Moody's Corp

1,032

527,197

Morgan Stanley

4,232

751,307

Netflix Inc

36,131

3,387,643

Nintendo Ltd ADR

72,182

1,216,989

Norfolk Southern Corp

6,297

1,818,070

Northrop Grumman Corp

1,799

1,025,808

NVIDIA Corp

127,610

23,799,265

Old Dominion Freight Lines Inc

1,945

304,976

Oracle Corp

9,258

1,804,477

Palantir Technologies Inc

3,000

533,250

Paychex Inc

6,858

769,330

Philip Morris Intl Inc

9,793

1,570,797

Procter & Gamble Co

2,640

378,338

Progressive Corp Ohio

5,615

1,278,648

Roper Technologies Inc

1,287

572,882

(a)

(b) Identity of issue, borrower, lessor or similar party

investment including

maturity date, rate of

interest, collateral, par, or

maturity value

(d) Cost

(e) Current value

Ross Stores Inc

4,052

729,927

Schwab Charles Corp

19,885

1,986,710

Sea Ltd ADR

6,081

775,753

ServiceNow Inc

16,071

2,461,916

Sherwin Williams Co

1,715

555,711

Shopify Inc Cl A

9,881

1,590,545

Starbucks Corp

9,875

831,574

Stryker Corp

2,083

732,112

Synopsys Inc

1,832

860,527

Taiwan Semic Mfg Co Ltd Sp ADR

3,284

997,975

TE Connectivity Ltd

9,420

2,143,144

Tesla Inc

10,939

4,919,487

Texas Instruments Inc

9,367

1,625,081

The Booking Holdings Inc

293

1,569,112

Thermo Fisher Scientific Inc

1,659

961,308

TJX Companies Inc New

5,326

818,127

T-Mobile Us Inc

7,179

1,457,624

TransDigm Group Inc

296

393,636

UnitedHealth Group Inc

6,457

2,131,520

Veralto Corp

464,033

46,301,213

Visa Inc Cl A

14,145

4,960,793

248,046,718

Corporate Debt

Carvana Co PIK VAR 06/01/2030 144A

9.00

6/1/2030

96,735

Carvana Co PIK VAR 06/01/2031 144A

9.00

6/1/2031

142,075

238,810

Self-Directed Brokerage Account

Brokeragelink

Combination of common stock, bonds, mutual funds, and ETFs

113,528,168

Participant Loans

(a)

(b) Identity of issue, borrower, lessor or similar party

investment including

maturity date, rate of

interest, collateral, par, or

maturity value

(d) Cost

(e) Current value

Participant loans

Interest rate ranges from 4.25% to 9.50% with maturity at various dates

12,048,209

Total Investments (Held at End of Year)

1,312,813,087

Party-in-Interest.

Historical cost not required to be presented as all investments are participant-directed.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

VERALTO CORPORATION & SUBSIDIARIES SAVINGS PLAN

May 29, 2026

By:

/s/ Pilar Morales

Pilar Morales

Vice President, Total Rewards

EXHIBIT INDEX


Exhibit Number						Description

23.1						Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm

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Date	Price Target	Rating	Analyst
3/31/2026	$110.00	Buy	Jefferies
12/10/2025	$105.00	Buy → Hold	Jefferies
9/19/2025	$120.00	Overweight	Barclays
8/26/2025		Mkt Perform	Raymond James
5/6/2025	$110.00	Buy	Northcoast
12/12/2024	$125.00	Buy	Jefferies
8/13/2024	$118.00	Neutral	UBS
6/17/2024	$95.00	Hold	TD Cowen

SEC Form 11-K filed by Veralto Corp

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Analyst Ratings

Jefferies resumed coverage on Veralto with a new price target

Veralto downgraded by Jefferies with a new price target

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Insider Trading

SVP, CHRO Beneteau Lesley covered exercise/tax liability with 423 shares, decreasing direct ownership by 2% to 19,846 units (SEC Form 4)

Chief Accounting Officer Skeete Bernard M sold $26,463 worth of shares (300 units at $88.21), decreasing direct ownership by 6% to 4,760 units (SEC Form 4)

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SEC Filings

Veralto Corp filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits