Form 4: DENTSPLY SIRONA Director Gifts Shares, Options to Family

DENTSPLY SIRONA Director Gregory T. Lucier reported gifting common stock and stock options to a family partnership and IRA, while also acquiring RSU dividends.

Summary

• Director Gregory T. Lucier reported changes in beneficial ownership of DENTSPLY SIRONA Inc. common stock and derivative securities.
• A family partnership acquired 310.397 shares of common stock on October 10, 2025, representing dividends on restricted stock units (RSUs) at a price of $0. These dividends vest simultaneously with the underlying RSUs.
• A disposition of 82,301.434 shares of common stock occurred on October 10, 2025.
• On October 14, 2025, 17,200 Non-Qualified Stock Options (NQSOs) were gifted to a family partnership. These options have an exercise price of $12.96, were granted on August 8, 2025, and are scheduled to vest in full on August 8, 2026, and expire on August 8, 2035.
• Following these transactions, the family partnership beneficially owns 24,357.397 shares of common stock and 17,200 stock options.
• An IRA beneficially owns 21,000 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral. The filing reports routine insider transactions (gifts, RSU dividends) which are common for directors and do not inherently indicate positive or negative sentiment about the company's performance or future prospects. The dispositions are gifts, not sales, which is less negative than a cash sale.

Positives

• Acquisition of 310.397 shares through RSU dividends by a family partnership indicates ongoing equity participation and alignment of interests with the company's performance.

Negatives

• Disposition of 82,301.434 shares of common stock.
• Gift of 17,200 stock options to a family partnership, reducing direct beneficial ownership by the reporting person.

Future Outlook

Stock options gifted to the family partnership, originally granted on August 8, 2025, are scheduled to vest in full on August 8, 2026, and will expire on August 8, 2035.

Management Comments

• The reporting person disclaims beneficial ownership of these NQSOs except to the extent of his pecuniary interest therein, and the inclusion of these NQSOs in this report shall not be an admission that the reporting person is the beneficial owner of the NQSOs for purposes of Section 16 of the Exchange Act or for any other purpose.

Industry Context

This filing pertains to routine insider transactions and does not provide broader industry context or trends.

Related Party Transactions

• Gift of 17,200 Non-Qualified Stock Options to a family partnership, where the reporting person's spouse serves as the general partner and may have voting and dispositive power.
• Acquisition of 310.397 shares of common stock (RSU dividends) by the family partnership.

Stakeholder Impact

• Shareholders: Changes in insider ownership structure, but no direct impact on company operations or financial performance. The gifting of shares and options to a family partnership is a common estate planning strategy and does not necessarily reflect a change in confidence in the company.

Next Steps

• Vesting of 17,200 stock options on August 8, 2026.
• Expiration of 17,200 stock options on August 8, 2035.

Key Dates

Recommendation

The filing details routine insider transactions, specifically gifts of common stock and stock options to a family partnership and an IRA, along with the acquisition of RSU dividends. These transactions do not reflect a change in the company's operational performance or strategic direction. While there are dispositions, they are gifts rather than sales for cash, which typically carries less negative sentiment. Therefore, the filing itself does not provide a basis for a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this information.

Keywords

DENTSPLY SIRONA, XRAY, Form 4, Insider Transaction, Stock Options, Common Stock, Beneficial Ownership, Director, Equity Compensation, RSU Dividends, Gift