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Pay vs Performance Disclosure
4 Months Ended 5 Months Ended 12 Months Ended
Dec. 31, 2022
Apr. 15, 2022
Sep. 11, 2022
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table      
Pay Versus Performance
The following table presents the Summary Compensation Table totals of our Principal Executive Officer (“PEO”) and the average of our other Named Executive Officers (“Other NEOs”) as well as their “compensation actually paid” for the past four fiscal years ending December 31, 2023, calculated in accordance with SEC rules.
Value of Initial Fixed $100
Investment Based on:
Year
Summary
Compensation
Table Total for
Current
PEO1,5,6
Summary
Compensation
Actually Paid
to Current
PEO1,5,6
Summary
Compensation
Table Total for
2022 First
PEO2,3
Compensation
Actually Paid
to 2022 First
PEO2,3
Summary
Compensation
Table Total for
2022 Second
PEO2
Compensation
Actually Paid
to 2022
Second PEO2
Average
Summary
Compensation
Table Total for
Non-
PEO NEOs4
Average
Compensation
Actually
Paid to
Non-
PEO NEOs4
Total
Shareholder
Return7
Peer Group
Total
Shareholder
Return8
Net
Income
(billions)9
Adjusted
Earnings
Per
Share10
2023
$8,518,987
$9,338,886
$0
$0
$0
$0
$3,733,693
$3,765,305
$66
$143
​($0.132)
$1.83
2022
$7,552,435
$7,664,113
$7,784,078
($4,551,477)
$6,999,995
$7,150,311
$4,911,944
$2,986,155
$58
$140
($0.950)
$2.09
2021
$0
$0
$9,251,885
$20,087,841
$0
$0
$2,384,897
$5,981,207
$100
$143
$0.411
$2.82
2020
$0
$0
$7,166,868
$4,390,322
$0
$0
$2,350,903
$2,006,914
$93
$113
($0.073)
$1.79
1.
Mr. Campion served as the Third PEO in 2022 and the only PEO in 2023. For purposes of this table, Mr. Campion is referred to as the “Current PEO.”
2.
In 2022, the PEOs included Donald M. Casey, Jr. (First PEO; former CEO), John P. Groetelaars (Second PEO; former interim CEO) and Mr. Campion (Third PEO).
3.
Mr. Casey served as the PEO in 2020 and 2021.
4.
The other NEOs for the applicable years were as follows:
a.
2023: Messrs. Coleman, Frank, Rosenzweig, and Johnson.
b.
2022: Barbara Bodem (former interim Executive Vice President, Chief Financial Officer), Cherée H. Johnson (former Senior Vice President, Chief Legal Officer, General Counsel), Jorge M. Gomez (former Executive Vice President, Chief Financial Officer), Mr. Coleman, Mr. Frank and Cord F. Staehler (former Senior Vice President, Chief Technology Officer).
c.
2021: Mr. Gomez, Walter Petersohn (former Senior Vice President, Chief Commercial Officer), Keith J. Ebling (former Executive Vice President, General Counsel & Secretary) and Daniel P. Key (former Senior Vice President, Chief Supply Chain Officer).
d.
2020: Mrs. Lisa M. Yankie (former Senior Vice President, Chief Human Resources Officer), Messrs. Gomez, Petersohn, Ebling and William E. Newell (former Senior Vice President, Chief Segment Officer).
5.
The dollar amounts reported in the Summary Compensation Table Total columns are the amounts of total compensation reported for the PEO or non-PEO NEOs for each corresponding year in the “Total” column of the “Summary Compensation Table.”
6.
The dollar amounts reported in the Compensation Actually Paid columns represent the amounts of “Compensation Actually Paid” to each respective PEO or non-PEO NEO, as computed in accordance with Item 402(v) of SEC Regulation S-K by taking the amount set forth in the “Total” column of the “Summary Compensation Table,” deducting the amounts set forth in the “Stock Awards” and “Option Awards” columns in the “Summary Compensation Table” and then including the equity award adjustment amount, as illustrated below for 2023.
7.
Total Shareholder Return (“TSR”) is calculated by dividing (i) the sum of: (a) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (b) the difference between the Company’s share price at the end and the beginning of the measurement period, by (ii) the Company’s share price at the beginning of the measurement period.
8.
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The Market index used for the Peer Group TSR is the S&P 500 Healthcare Index.
9.
Net Income amounts in (billions) reflected in Dentsply Sirona’s audited consolidated finance statements for the applicable year.
10.
The Company has identified Adjusted Earnings Per Share as the company-selected measure for the pay versus performance disclosure, as it represents the most significant financial performance measure used to link compensation actually paid to the PEO and the Other NEOs to the Company’s performance in 2023.
The following adjustments were made to Mr. Campion’s equity valuations to determine the compensation actually paid to Mr. Campion in 2023.
Current PEO Equity Award Adjustment Breakout
Year End
Fair Value
of Equity
Awards
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
Change in Fair
Value as of the
Vesting Date of
Equity Awards
Granted in Prior
Years that
Vested in the
Fiscal Year
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
Total Equity
Award
Adjustments1
$5,796,125
$558,390
$0
$358,119
$0
$173,859
$6,886,493
The following adjustments were made to the equity valuations of the other NEOs to determine the average compensation actually paid to the other NEOs in 2023.
Non-PEO NEO Equity Award Adjustment Breakout
Year End
Fair Value
of Equity
Awards
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
Change in Fair
Value as of the
Vesting Date of
Equity Awards
Granted in Prior
Years that
Vested in the
Fiscal Year
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
Total Equity
Award
Adjustments1
$2,259,738
$142,275
$0
($54,086)
$0
$63,280
$2,411,207
1.
The equity adjustments for the PEO and Non-PEO NEOs in the breakout tables above were calculated as follows:
a.
Add the fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
b.
Add the amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
c.
Add, for awards that are granted and vest in the same year, the fair value as of the vesting date;
d.
Add the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year;
e.
Subtract, for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year; and
f.
Add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year.
     
Company Selected Measure Name       Adjusted Earnings Per Share      
Named Executive Officers, Footnote      
1.
Mr. Campion served as the Third PEO in 2022 and the only PEO in 2023. For purposes of this table, Mr. Campion is referred to as the “Current PEO.”
2.
In 2022, the PEOs included Donald M. Casey, Jr. (First PEO; former CEO), John P. Groetelaars (Second PEO; former interim CEO) and Mr. Campion (Third PEO).
3.
Mr. Casey served as the PEO in 2020 and 2021.
4.
The other NEOs for the applicable years were as follows:
a.
2023: Messrs. Coleman, Frank, Rosenzweig, and Johnson.
b.
2022: Barbara Bodem (former interim Executive Vice President, Chief Financial Officer), Cherée H. Johnson (former Senior Vice President, Chief Legal Officer, General Counsel), Jorge M. Gomez (former Executive Vice President, Chief Financial Officer), Mr. Coleman, Mr. Frank and Cord F. Staehler (former Senior Vice President, Chief Technology Officer).
c.
2021: Mr. Gomez, Walter Petersohn (former Senior Vice President, Chief Commercial Officer), Keith J. Ebling (former Executive Vice President, General Counsel & Secretary) and Daniel P. Key (former Senior Vice President, Chief Supply Chain Officer).
d.
2020: Mrs. Lisa M. Yankie (former Senior Vice President, Chief Human Resources Officer), Messrs. Gomez, Petersohn, Ebling and William E. Newell (former Senior Vice President, Chief Segment Officer).
     
Peer Group Issuers, Footnote      
8.
Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The Market index used for the Peer Group TSR is the S&P 500 Healthcare Index.
     
Adjustment To PEO Compensation, Footnote      
The following adjustments were made to Mr. Campion’s equity valuations to determine the compensation actually paid to Mr. Campion in 2023.
Current PEO Equity Award Adjustment Breakout
Year End
Fair Value
of Equity
Awards
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
Change in Fair
Value as of the
Vesting Date of
Equity Awards
Granted in Prior
Years that
Vested in the
Fiscal Year
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
Total Equity
Award
Adjustments1
$5,796,125
$558,390
$0
$358,119
$0
$173,859
$6,886,493
1.
The equity adjustments for the PEO and Non-PEO NEOs in the breakout tables above were calculated as follows:
a.
Add the fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
b.
Add the amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
c.
Add, for awards that are granted and vest in the same year, the fair value as of the vesting date;
d.
Add the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year;
e.
Subtract, for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year; and
f.
Add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year.
     
Non-PEO NEO Average Total Compensation Amount       $ 3,733,693 $ 4,911,944 $ 2,384,897 $ 2,350,903
Non-PEO NEO Average Compensation Actually Paid Amount       $ 3,765,305 2,986,155 5,981,207 2,006,914
Adjustment to Non-PEO NEO Compensation Footnote      
The following adjustments were made to the equity valuations of the other NEOs to determine the average compensation actually paid to the other NEOs in 2023.
Non-PEO NEO Equity Award Adjustment Breakout
Year End
Fair Value
of Equity
Awards
Year over Year
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
Fair Value as of
Vesting Date of
Equity Awards
Granted and
Vested in the
Year
Change in Fair
Value as of the
Vesting Date of
Equity Awards
Granted in Prior
Years that
Vested in the
Fiscal Year
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value or Total
Compensation
Total Equity
Award
Adjustments1
$2,259,738
$142,275
$0
($54,086)
$0
$63,280
$2,411,207
1.
The equity adjustments for the PEO and Non-PEO NEOs in the breakout tables above were calculated as follows:
a.
Add the fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
b.
Add the amount equal to the change as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
c.
Add, for awards that are granted and vest in the same year, the fair value as of the vesting date;
d.
Add the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year;
e.
Subtract, for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year; and
f.
Add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year.
     
Compensation Actually Paid vs. Total Shareholder Return      
Relationship Between Compensation Actually Paid and Performance
In the “Compensation Discussion and Analysis” section of this Proxy Statement, we provide greater detail on the elements of our executive compensation program and our “pay-for-performance” compensation philosophy. The “Compensation Actually Paid” values reflected in the Pay Versus Performance for 2023 table demonstrate the year-over-year fluctuations in compensation for our PEO and other NEOs based on key measures of company performance. As the table demonstrates, the compensation of our PEO and the other NEOs is greater when the performance of the key measures is high, and lower when performance is down, demonstrating the clear alignment of interests of our PEO and the other NEOs and our stockholders.
Compensation Actually Paid and Cumulative TSR
As described in more detail in the section captioned “Compensation Discussion and Analysis — Annual Equity Compensation”, the number of units earned for a portion of the PRSU grant is based on the Relative TSR for a three-fiscal-year performance period. As demonstrated by the following table, the amount of compensation actually paid to the PEO and the average amount of compensation actually paid to the Other NEOs is generally aligned with Dentsply Sirona’s TSR over each of the four years presented in the Pay Versus Performance Table for 2023.

     
Compensation Actually Paid vs. Net Income      
Relationship Between Compensation Actually Paid and Performance
In the “Compensation Discussion and Analysis” section of this Proxy Statement, we provide greater detail on the elements of our executive compensation program and our “pay-for-performance” compensation philosophy. The “Compensation Actually Paid” values reflected in the Pay Versus Performance for 2023 table demonstrate the year-over-year fluctuations in compensation for our PEO and other NEOs based on key measures of company performance. As the table demonstrates, the compensation of our PEO and the other NEOs is greater when the performance of the key measures is high, and lower when performance is down, demonstrating the clear alignment of interests of our PEO and the other NEOs and our stockholders.
Compensation Actually Paid and Net Income
As demonstrated by the following table, the amount of compensation actually paid to the PEO and the average amount of compensation actually paid the Other NEOs is generally aligned with Dentsply Sirona’s Net Income over the four years presented in the Table for 2023. While the Company does not use Net Income as a performance measure in the overall executive compensation program, the measure of Net Income is correlated with the measure of Net Sales, which is utilized in setting goals for annual incentive compensation and adjusted EPS and Net Sales which are utilized in determining the vesting of PRSUs that are awarded to the NEOs.

     
Compensation Actually Paid vs. Company Selected Measure      
Relationship Between Compensation Actually Paid and Performance
In the “Compensation Discussion and Analysis” section of this Proxy Statement, we provide greater detail on the elements of our executive compensation program and our “pay-for-performance” compensation philosophy. The “Compensation Actually Paid” values reflected in the Pay Versus Performance for 2023 table demonstrate the year-over-year fluctuations in compensation for our PEO and other NEOs based on key measures of company performance. As the table demonstrates, the compensation of our PEO and the other NEOs is greater when the performance of the key measures is high, and lower when performance is down, demonstrating the clear alignment of interests of our PEO and the other NEOs and our stockholders.
Compensation Actually Paid and Adjusted Earnings Per Share
As described in more detail in the section captioned “Compensation Discussion and Analysis — Annual Equity Compensation”, the number of units earned for a portion of the PRSU grant is based on the Adjusted Earnings Per Share for a three-fiscal-year performance period. As demonstrated by the following table, the amount of compensation actually paid to the PEO and the average amount of compensation actually paid to the Other NEOs is generally aligned with Dentsply Sirona’s Adjusted EPS over each of the four years presented in the Pay Versus Performance Table for 2023. The compensation actually paid to the current PEO increased despite the decrease in Adjusted EPS, as 2023 was his first full year with the Company and he received a full year of base salary and non-equity incentive plan versus pro-rated amounts in 2022.

     
Total Shareholder Return Vs Peer Group      
Relationship Between Compensation Actually Paid and Performance
In the “Compensation Discussion and Analysis” section of this Proxy Statement, we provide greater detail on the elements of our executive compensation program and our “pay-for-performance” compensation philosophy. The “Compensation Actually Paid” values reflected in the Pay Versus Performance for 2023 table demonstrate the year-over-year fluctuations in compensation for our PEO and other NEOs based on key measures of company performance. As the table demonstrates, the compensation of our PEO and the other NEOs is greater when the performance of the key measures is high, and lower when performance is down, demonstrating the clear alignment of interests of our PEO and the other NEOs and our stockholders.
For each of the four years presented in the Pay Versus Performance Table for 2023, Dentsply Sirona’s cumulative TSR fell behind that of the S&P 500 Healthcare index peer group. The following table details the Company’s cumulative TSR in comparison to the Peer Group cumulative TSR for each of the measurement periods.

     
Tabular List, Table      
Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers the most important in linking Compensation Actually Paid to our PEO and non-PEO NEOs for 2023 to company performance. The measures in this table are not ranked.
Financial Performance Measures
Organic Net Sales
Adjusted EBITDA Margin
Adjusted Earnings Per Share
Relative TSR
     
Total Shareholder Return Amount       $ 66 58 100 93
Peer Group Total Shareholder Return Amount       143 140 143 113
Net Income (Loss)       $ (132,000,000) $ (950,000,000) $ 411,000,000 $ (73,000,000.000)
Company Selected Measure Amount | $ / shares       1.83 2.09 2.82 1.79
PEO Name Mr. Campion Donald M. Casey, Jr. John P. Groetelaars Mr. Campion   Mr. Casey Mr. Casey
Measure:: 1              
Pay vs Performance Disclosure              
Name       Organic Net Sales      
Measure:: 2              
Pay vs Performance Disclosure              
Name       Adjusted EBITDA Margin      
Measure:: 3              
Pay vs Performance Disclosure              
Name       Adjusted Earnings Per Share      
Measure:: 4              
Pay vs Performance Disclosure              
Name       Relative TSR      
Mr. Campion [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount       $ 8,518,987 $ 7,552,435 $ 0 $ 0
PEO Actually Paid Compensation Amount       9,338,886 7,664,113 0 0
Donald M. Casey, Jr. [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount       0 7,784,078 9,251,885 7,166,868
PEO Actually Paid Compensation Amount       0 (4,551,477) 20,087,841 4,390,322
John P. Groetelaars [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount       0 6,999,995 0 0
PEO Actually Paid Compensation Amount       0 $ 7,150,311 $ 0 $ 0
PEO              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       6,886,493      
PEO | Year End Fair Value of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       5,796,125      
PEO | Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ​[Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       558,390      
PEO | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0      
PEO | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Fiscal Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       358,119      
PEO | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0      
PEO | Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       173,859      
Non-PEO NEO              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       2,411,207      
Non-PEO NEO | Year End Fair Value of Equity Awards [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       2,259,738      
Non-PEO NEO | Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards ​[Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       142,275      
Non-PEO NEO | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0      
Non-PEO NEO | Change in Fair Value as of the Vesting Date of Equity Awards Granted in Prior Years that Vested in the Fiscal Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (54,086)      
Non-PEO NEO | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0      
Non-PEO NEO | Value of Dividends or Other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member]              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       $ 63,280