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

Andreas G. Frank, Executive VP/Chief Business Officer of Dentsply Sirona Inc. [XRAY], reported changes in beneficial ownership related to phantom stock acquired through the Supplemental Executive Retirement Plan (SERP).

Summary

• On March 18, 2024, Andreas G. Frank, Executive VP/Chief Business Officer of Dentsply Sirona Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 2,804.861 shares of phantom stock through the company's Supplemental Executive Retirement Plan (SERP).
• These shares are the economic equivalent of common stock and will be payable upon termination of employment.
• The phantom stock was acquired at a price of $35.59 per share, based on the closing price on December 29, 2023.
• Following the reported transaction, Frank beneficially owns 7,777.2676 shares of phantom stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of phantom stock through the SERP aligns executive interests with the long-term performance of the company.
• The SERP contribution reflects the company's commitment to executive compensation and retention.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Executive compensation packages often include phantom stock or similar instruments to align executive interests with shareholder value. This Form 4 filing provides transparency into the compensation structure of a key executive at Dentsply Sirona.

Stakeholder Impact

• Shareholders may be interested in the details of executive compensation packages.
• Employees may be interested in the details of the Supplemental Executive Retirement Plan (SERP).

Key Dates