Form 4: Dentsply Sirona CEO Simon Campion Reports Changes in Beneficial Ownership

Simon Campion, CEO of Dentsply Sirona, reports acquisition of restricted stock units and phantom stock due to dividend accruals.

Summary

• On April 12, 2024, Simon D. Campion, the President, CEO, and a member of the Board of Directors of Dentsply Sirona Inc., reported changes in his beneficial ownership of the company's stock.
• Campion acquired 1,088.763 shares of common stock through dividends on restricted stock units (RSUs) at a price of $0.
• He also acquired 17.471 shares of phantom stock due to accrued dividends under the Supplemental Executive Retirement Plan (SERP) at a price of $31.45.
• Following these transactions, Campion directly owns 291,462.9531 shares of common stock and 3,452.021 shares of phantom stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neither particularly positive nor negative. The transactions reflect routine compensation practices.

Positives

• The acquisition of shares through dividends indicates the company's commitment to rewarding its executives with equity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the CEO's holdings of Dentsply Sirona stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units and phantom stock as incentives.
• Dividend accruals on RSUs are a common practice to ensure executives receive the full economic benefit of their equity awards.
• The specifics of the SERP and its impact on phantom stock accumulation are unique to Dentsply Sirona's compensation structure.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CEO's stake in the company.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates