Form 4: Dentsply Sirona SVP, CHRO Andrea L. Frohning Reports Acquisition of Common Stock and Phantom Stock

Andrea L. Frohning, SVP, CHRO of Dentsply Sirona Inc., reports the acquisition of common stock and phantom stock due to dividends and participation in the Supplemental Executive Retirement Plan (SERP).

Summary

• On January 10, 2025, Andrea L. Frohning, SVP, CHRO of Dentsply Sirona Inc., acquired common stock and phantom stock.
• The common stock acquisition of 103.125 shares was due to dividends on restricted stock units (RSUs).
• The reporting person now directly owns 14,193.525 shares of common stock.
• Additionally, 14.362 shares of phantom stock were acquired as a result of accrued dividends within the Supplemental Executive Retirement Plan (SERP).
• The reporting person now directly owns 1,675.4011 shares of phantom stock.
• Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable upon termination of employment.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard executive compensation practices and insider ownership, which can be viewed favorably as aligning management's interests with shareholders.

Positives

• The acquisition of common stock through dividends on RSUs indicates continued investment in the company's equity by its executives.
• The accumulation of phantom stock through the SERP suggests long-term commitment and alignment of interests between the executive and the company's future performance.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, restricted stock units (RSUs), and deferred compensation plans like SERPs.
• The use of phantom stock is a fairly common method to provide executives with benefits tied to the company's stock performance without issuing actual shares until a later date, such as retirement or termination of employment.
• Companies like Align Technology (ALGN) and Envista Holdings (NVST), which operate in similar industries, also utilize equity-based compensation to align executive interests with shareholder value.

Stakeholder Impact

• Shareholders may view the increased stock ownership by a key executive as a positive sign of confidence in the company's future.
• Employees may see this as a reflection of the company's commitment to its leadership team.

Key Dates