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

Richard C. Rosenzweig, SVP, Corp Dev, GC & Secretary of Dentsply Sirona, reports the acquisition of phantom stock units under the company's Supplemental Executive Retirement Plan (SERP).

Summary

• On March 18, 2024, Richard C. Rosenzweig, a Senior Vice President, Corporate Development, General Counsel & Secretary at Dentsply Sirona Inc. (XRAY), reported the acquisition of 1,947.622 shares of phantom stock.
• These shares were acquired through the company's Supplemental Executive Retirement Plan (SERP).
• The phantom stock is the economic equivalent of common stock and will be payable in common stock upon termination of employment.
• The acquisition price is $35.59 per share, based on the closing price on December 29, 2023.
• Following the transaction, Rosenzweig directly owns 1,947.622 shares of phantom stock.

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 signal.

Positives

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

Industry Context

This filing is a routine disclosure of executive compensation in the form of phantom stock, which is a common practice among publicly traded companies to incentivize and retain key personnel.

Comparison to Industry Standards

• Phantom stock plans are a common form of deferred compensation used by companies like Dentsply Sirona to align executive incentives with shareholder value.
• Similar plans are used by companies such as Align Technology (ALGN) and Straumann (STMN) in the dental and medical device industries.

Stakeholder Impact

• Shareholders may view this as a positive sign that executives are incentivized to improve company performance.
• Employees may see this as a standard part of the company's compensation structure.

Key Dates