Form 4: Dentsply Sirona Executive Robert Anthony Johnson Reports Changes in Beneficial Ownership

Robert Anthony Johnson, SVP, Chief Supply Chain Officer of Dentsply Sirona, reports acquisition of common stock and phantom stock due to dividends and participation in the Employee Stock Purchase Plan.

Summary

• Robert Anthony Johnson, a senior executive at Dentsply Sirona, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On January 10, 2025, Johnson acquired 382.359 shares of common stock through dividends 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 25.4141 shares of phantom stock as a result of accrued dividends within the Supplemental Executive Retirement Plan (SERP).
• Each share of phantom stock is economically equivalent to one share of common stock and becomes payable upon termination of employment.
• Additionally, Johnson acquired 187 shares between July 1st and December 31, 2024 under the Dentsply Sirona Employee Stock Purchase Plan.
• Following these transactions, Johnson beneficially owns 87,712.245 shares of common stock and 2,964.7315 shares of phantom stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to compensation and employee benefits, with no indication of significant positive or negative developments.

Positives

• The acquisition of shares through dividends and the Employee Stock Purchase Plan indicates Johnson's continued investment in Dentsply Sirona's future.

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 ownership changes and potential alignment of interests.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing the volume and nature of insider activity (purchases vs. sales) to peers like Align Technology (ALGN) or Envista Holdings (NVST) can provide insights into management's sentiment and confidence in the company's prospects.
• However, acquisitions through dividend reinvestment and employee stock purchase plans are generally viewed as less significant indicators than open market purchases.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• Employees participating in the stock purchase plan benefit from company stock ownership.

Key Dates