Form 4: Dentsply Sirona Executive Kevin Czerney Reports Phantom Stock Acquisition

Kevin Czerney, VP and Chief Accounting Officer of Dentsply Sirona, reports acquisition of phantom stock units under the Supplemental Executive Retirement Plan (SERP).

Summary

• Kevin Czerney, VP, Chief Accounting Officer of Dentsply Sirona Inc. [XRAY], filed a Form 4 on March 28, 2025.
• The report details changes in beneficial ownership due to the acquisition of phantom stock.
• On March 26, 2025, Czerney acquired 1,425.592 units of phantom stock under the Supplemental Executive Retirement Plan (SERP).
• The phantom stock is the economic equivalent of common stock and becomes payable upon termination of employment.
• The SERP contribution for 2024 was based on the December 31, 2024 closing price of $18.98 per share.
• Following the transaction, Czerney beneficially owns 3,326.8863 derivative securities.

Sentiment

Score: 6

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

Positives

• The acquisition of phantom stock aligns the executive's interests with the long-term performance of the company.
• The SERP plan provides a deferred compensation benefit to the executive.

Future Outlook

The phantom stock will be payable in common stock upon the reporting person's termination of employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Phantom stock is a common form of executive compensation, particularly in larger companies.

Comparison to Industry Standards

• Dentsply Sirona's executive compensation practices, including the use of phantom stock, are generally in line with those of other large publicly traded companies in the healthcare and dental equipment industry.
• Companies like Align Technology (ALGN) and Straumann (STMN.SW) also utilize various forms of equity-based compensation for their executives.
• The specific amount and terms of the phantom stock awards would need to be compared to peer companies to determine if they are above or below industry averages.

Stakeholder Impact

• Shareholders are informed about executive compensation practices.
• The executive is incentivized to improve company performance through equity-based compensation.

Key Dates

Keywords

Form 4, phantom stock, Dentsply Sirona, SERP, beneficial ownership, executive compensation, XRAY, Czerney