Form 4: Dentsply Sirona Executive Robert Anthony Johnson Reports Acquisition of Stock and Phantom Stock
SEC Form 4
Robert Anthony Johnson, SVP and Chief Supply Chain Officer at Dentsply Sirona, reports acquiring additional restricted stock units and phantom stock due to dividend accruals.
Summary
- On October 11, 2024, Robert Anthony Johnson, SVP, Chief Supply Chain Officer of Dentsply Sirona Inc. [XRAY], acquired 439.967 shares of common stock through dividend accruals on restricted stock units (RSUs).
- These RSUs vest simultaneously with the underlying awards and convert to common stock on a 1:1 basis.
- Johnson also acquired 19.073 shares of phantom stock through accrued dividends under the Supplemental Executive Retirement Plan (SERP).
- Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in common stock upon termination of employment.
- Following these transactions, Johnson beneficially owns 95,804.886 shares of common stock and 2,939.3174 shares of phantom stock.
Sentiment
Score: 7
Explanation: The document is a standard SEC filing detailing routine stock transactions related to executive compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of executive interests with shareholder value.
Comparison to Industry Standards
- Executive compensation packages including RSUs and phantom stock are common across publicly listed companies, particularly in the healthcare and dental sectors.
- Companies like Align Technology (ALGN) and Straumann (STMN.SW) also utilize similar equity-based compensation to incentivize their executives.
- The vesting schedules and dividend accrual mechanisms are generally aligned with industry best practices to retain key personnel and reward performance.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and alignment of interests.
- Employees may be interested in the details of the SERP and RSU programs.
Key Dates
| Date | Description |
|---|---|
| 10/11/2024 | Date of transaction for common stock and phantom stock acquisition. |
| 10/15/2024 | Date of signature by Attorney-In-Fact. |
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