Form 4: Dentsply Sirona Executive Willie A. Deese Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Willie A. Deese, an executive at Dentsply Sirona, reported changes in beneficial ownership of company stock due to the acquisition of restricted stock units (RSUs) representing dividend accruals.
Summary
- On April 12, 2024, Willie A. Deese, an officer of Dentsply Sirona Inc. [XRAY], reported a transaction involving the acquisition of 26.426 shares of common stock.
- These shares represent dividends on restricted stock units (RSUs) awarded to Deese, which are subject to the same vesting terms as the underlying RSUs.
- The dividends vest simultaneously with the RSUs to which they relate, and each RSU converts to common stock on a 1:1 basis.
- Following the reported transaction, Deese beneficially owns 35,098.936 shares of Dentsply Sirona common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and does not convey any particular positive or negative sentiment. It simply reports a transaction.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates dividend accrual on existing RSU grants, a common practice in executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of transaction: Acquisition of common stock representing dividends on RSUs. |
| 04/15/2024 | Date of signature on the Form 4 filing. |
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