XRAY.NASDAQDentsply Sirona INC

Form 4: Dentsply Sirona Executive VP Glenn Coleman Reports Phantom Stock Acquisition

Sentiment:

SEC Form 4 Filing

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Executive VP & CFO Glenn Coleman reports acquisition of phantom stock units in Dentsply Sirona's Supplemental Executive Retirement Plan (SERP).

Summary

  • Glenn Coleman, Executive VP & CFO of Dentsply Sirona, filed a Form 4 on March 19, 2024, reporting a transaction.
  • The transaction involved the acquisition of 1,858.75 units of phantom stock through the company's Supplemental Executive Retirement Plan (SERP) on March 18, 2024.
  • These phantom stock units are the economic equivalent of common stock and will be payable in common stock upon termination of employment.
  • The SERP contribution for 2023 was based on a closing price of $35.59 on December 29, 2023.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to key executives.

Stakeholder Impact

  • Shareholders are informed about executive compensation practices.
  • The filing provides transparency regarding the alignment of executive interests with shareholder value through equity-based compensation.

Key Dates

DateDescription
12/29/2023Closing price of $35.59 used to calculate SERP contribution.
03/18/2024Date of phantom stock acquisition.
03/19/2024Date Form 4 was filed.

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