Form 4: Dentsply Sirona Executive Acquires Stock Dividends and Phantom Stock

Andrea L. Frohning, SVP, CHRO of Dentsply Sirona, reports acquisition of stock dividends and phantom stock, while disposing of some common stock.

Summary

• On April 12, 2024, Andrea L. Frohning, SVP, CHRO of Dentsply Sirona Inc., acquired 70.488 shares of common stock as dividends on restricted stock units (RSUs).
• These dividends are in the form of additional RSUs and are subject to the same vesting terms as the underlying awards.
• Each RSU converts to common stock on a 1:1 basis.
• Also on April 12, 2024, Frohning acquired 8.3008 shares of phantom stock as a result of accrued dividends under the Supplemental Executive Retirement Plan (SERP).
• Frohning disposed of 14,692.248 shares of common stock.
• Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in common stock upon termination of employment.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership changes.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.
• It assures stakeholders that executives' interests are aligned with those of the shareholders through stock ownership.

Key Dates