Form 4: Dentsply Sirona Executive Richard M. Wagner Reports Changes in Beneficial Ownership

Richard M. Wagner, VP and Chief Accounting Officer of Dentsply Sirona Inc., reports acquisition of restricted stock units and phantom stock, along with dividend accruals, in a recent SEC Form 4 filing.

Summary

• Richard M. Wagner, VP, Chief Accounting Officer of Dentsply Sirona Inc., filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Dentsply Sirona Inc. [XRAY] securities.
• On April 12, 2024, Wagner acquired 41.653 shares of common stock through dividends on restricted stock units (RSUs) at $0 per share.
• These RSUs are subject to the same vesting terms as the underlying awards and convert to common stock on a 1:1 basis.
• Wagner also acquired 4.5982 shares of phantom stock under the Supplemental Executive Retirement Plan (SERP) at a price of $31.45 per share.
• As of April 12, 2024, Wagner beneficially owns 10,768.798 shares of common stock.
• Wagner also owns 908.5602 shares of phantom stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative news about the company.

Positives

• The acquisition of RSUs through dividends indicates continued investment in the company by its executives.
• The acquisition of phantom stock under the SERP suggests long-term commitment to the company.

Future Outlook

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

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, restricted stock units, and phantom stock.
• Companies like Align Technology (ALGN) and Straumann (STMN.SW) also utilize similar compensation strategies to incentivize their executives.
• The specific amounts and terms of these awards vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's confidence in the company.
• Employees may be impacted by the SERP, which provides additional retirement benefits to executives.

Key Dates