Form 4: Dentsply Sirona Executive Andreas G. Frank Reports Changes in Beneficial Ownership

Executive VP/Chief Business Officer Andreas G. Frank reports acquisition of restricted stock units and phantom stock due to dividends, as well as adjustments to holdings.

Summary

• On October 11, 2024, Andreas G. Frank, Executive VP/Chief Business Officer of Dentsply Sirona Inc. [XRAY], reported changes in beneficial ownership.
• Frank acquired 392.292 shares of common stock through dividends on restricted stock units (RSUs).
• These RSUs are subject to the same vesting terms as the underlying awards and convert to common stock on a 1:1 basis.
• Frank also acquired 51.3706 shares of phantom stock as a result of accrued dividends within the Supplemental Executive Retirement Plan (SERP).
• Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon termination of employment.
• Following these transactions, Frank directly owns 119,865.361 shares of common stock and 7,916.6773 shares of phantom stock.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information. The sentiment is neutral to slightly positive due to the executive increasing their holdings.

Positives

• The acquisition of additional shares through dividends indicates a continued investment in the company by the executive.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive ownership in the company.

Key Dates