Form 4: Envista Holdings Corp: Officer Befidi Reports Acquisition of Notional Shares in Deferred Compensation Program

Robert Befidi, President of Diagnostics at Envista Holdings Corp, reports the acquisition of 1,151 notional shares of Envista common stock through the company's deferred compensation program on February 1, 2025.

Summary

• Robert Befidi, President of Diagnostics at Envista Holdings Corp, filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 1,151 notional shares of Envista common stock on February 1, 2025, through the Envista Excess Contribution Program (ECP).
• These shares are part of the company's annual contribution to the Envista stock fund within the reporting person's ECP account.
• The price per share used for calculating the number of notional shares was $20.52, based on the closing price of Envista common stock on the NYSE.
• The acquired shares are held directly and are unfunded, notional shares.

Sentiment

Score: 7

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

Positives

• The acquisition of shares reflects company contributions to employee deferred compensation programs, which can be seen as a positive employee benefit.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates participation in a deferred compensation program, a common practice among publicly traded companies to incentivize and retain key employees.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies, including Envista's competitors in the dental and medical technology sectors.
• Companies like Dentsply Sirona and Align Technology also offer similar deferred compensation programs to their executives.
• The specific details of these programs, such as matching contributions and vesting schedules, can vary, but the overall goal is to align executive compensation with company performance and shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on the reporting person's holdings.
• It has no immediate impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates