Form 4: Envista Holdings Corp: Chief Accounting Officer Reports Acquisition of Notional Shares Through Deferred Compensation Program

Faez C. Kaabi, Chief Accounting Officer of Envista Holdings Corp, reports the acquisition of 689 notional shares of Envista common stock through the company's deferred compensation program on February 1, 2025.

Summary

• On February 1, 2025, Faez C. Kaabi, the Chief Accounting Officer of Envista Holdings Corp, acquired 689 notional shares of Envista common stock.
• These shares were obtained through the Envista Deferred Compensation Plan's Excess Contribution Program (ECP).
• The acquisition price was $20.52 per share.
• Following this transaction, Kaabi beneficially owns 3,854 notional shares in the Envista stock fund.
• The shares are unfunded and notional, converting on a one-for-one basis to common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing operation. The sentiment is neutral to slightly positive as it reflects standard corporate practices.

Positives

• The acquisition of shares through the deferred compensation program aligns the executive's interests with those of the company and its shareholders.
• The ECP encourages employee participation through matching and non-elective contributions.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates participation in a deferred compensation program, which is a common practice among publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans are a common component of executive compensation packages in publicly traded companies, such as Envista.
• Companies like Danaher (DHR) and Align Technology (ALGN), which operate in similar industries, also utilize deferred compensation plans to attract and retain key personnel.
• The vesting schedules described in the document are typical for such plans, often involving one to three-year vesting periods.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves notional shares within a deferred compensation plan.
• Employees participating in the ECP benefit from company matching and non-elective contributions.

Key Dates