Form 4: Dentsply Sirona Executive Richard C. Rosenzweig Reports Acquisition of Phantom Stock

Richard C. Rosenzweig, EVP, Corp Dev, GC & Secretary of Dentsply Sirona Inc., reports acquiring phantom stock units under the Supplemental Executive Retirement Plan (SERP).

Summary

• Richard C. Rosenzweig, an executive at Dentsply Sirona Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 3,927.023 units of phantom stock on March 26, 2025, under the company's Supplemental Executive Retirement Plan (SERP).
• These phantom stock units are the economic equivalent of common stock shares and will be payable in common stock upon termination of employment.
• The SERP contribution for the year 2024 was based on the 12/31/24 closing price.
• Following the reported transaction, Rosenzweig beneficially owns 5,926.6983 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The acquisition of phantom stock aligns the executive's interests with the long-term performance of the company.
• The SERP plan provides a retirement 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Executive compensation packages often include phantom stock or similar equity-based awards to align management's interests with shareholder value.
• Companies like Align Technology (ALGN) and Straumann (STMN) also utilize equity-based compensation for their executives.

Stakeholder Impact

• Shareholders may view the phantom stock award as a positive incentive for the executive to drive long-term value.
• Employees may see the SERP as a valuable retirement benefit.

Key Dates

Keywords

Form 4, Dentsply Sirona, XRAY, Richard C. Rosenzweig, Phantom Stock, SERP, Executive Compensation, SEC Filing