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 three fiscal years ending December 31, 2022, calculated in accordance with recently adopted SEC rules.



Year	Summary Compensation Table Total for First PEO 1,2,4		Compensation Actually Paid to First PEO 1,2,5			Summary Compensation Table Total for Second PEO 1,4		Compensation Actually Paid to Second PEO 1,5		Summary Compensation Table Total for Third PEO 1,4		Compensation Actually Paid to Third PEO 1,5		Average Summary Compensation Table Total for Non-PEO NEOs 3		Average Compensation Actually Paid to Non-PEO NEOs 3		Value of Initial Fixed $100 Investment Based on:				Net Income (billions) 8			Adjusted Earnings Per Share 9
Year	Summary Compensation Table Total for First PEO 1,2,4		Compensation Actually Paid to First PEO 1,2,5			Summary Compensation Table Total for Second PEO 1,4		Compensation Actually Paid to Second PEO 1,5		Summary Compensation Table Total for Third PEO 1,4		Compensation Actually Paid to Third PEO 1,5		Average Summary Compensation Table Total for Non-PEO NEOs 3		Average Compensation Actually Paid to Non-PEO NEOs 3		Total Shareholder Return 6		Peer Group Total Shareholder Return 7		Net Income (billions) 8			Adjusted Earnings Per Share 9
2022	$	7,784,078		($4,551,477	)	$	6,999,995	$	7,150,311	$	7,552,435	$	7,664,113	$	4,911,944	$	2,986,155	$	58	$	140		($0.950	)	$	2.09
2021	$	9,251,885		$20,087,841			—		—		—		—	$	2,384,897	$	5,981,207	$	100	$	143		$0.411		$	2.82
2020	$	7,166,868		$4,390,322			—		—		—		—	$	2,350,903	$	2,006,914	$	93	$	113		($0.073	)	$	1.79

1.	In 2022, the PEOs included Messrs. Casey (First PEO), Groetelaars (Second PEO) and Campion (Third PEO).

2.	Mr. Casey served as the PEO in 2020 and 2021.

3.	The other NEOs for the applicable years were as follows:

a.

2022: Mmes. Bodem (former interim) and Johnson (former), Messrs. Gomez (former), Coleman, and Frank and Dr. Staehler (former)

b.

2021: Messrs. Gomez, Petersohn, Ebling, and Key

c.

2020:

Mrs.

Yankie and Messrs. Gomez, Petersohn, Ebling and Newell

4.	The dollar amounts reported in the Summary Compensation Table Total for First PEO, Second PEO and Third PEO columns are the amounts of total compensation reported for the PEO for each corresponding year in the “Total” column of the “Summary Compensation Table for 2022.”

5.	The dollar amounts reported in the Compensation Actually Paid for First PEO, Second PEO and Third PEO columns represent the amounts of “Compensation Actually Paid” to each PEO, as computed in accordance with Item 402(v) of SEC Regulation S-K.

6.

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.

7.	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.

8.	Net Income amounts in (billions) reflected in Dentsply Sirona’s audited consolidated finance statements for the applicable year.

9.

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 PEOs and the Other NEOs to the Company’s performance in 2022.

Named Executive Officers, Footnote [Text Block]

3.	The other NEOs for the applicable years were as follows:

a.

2022: Mmes. Bodem (former interim) and Johnson (former), Messrs. Gomez (former), Coleman, and Frank and Dr. Staehler (former)

b.

2021: Messrs. Gomez, Petersohn, Ebling, and Key

c.

2020:

Mrs.

Yankie and Messrs. Gomez, Petersohn, Ebling and Newell

Adjustment To PEO Compensation, Footnote [Text Block]

The following adjustments were made to Mr. Casey’s equity valuations to determine the compensation actually paid to Mr. Casey:



First PEO Equity Award Adjustment Breakout

Year	Year End Fair Value of Equity Awards in the Year and Outstanding and Unvested as of the End of the Year		Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years			Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the 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 Adjustments 1
2022	$	2,058,867		($6,652,281	)	$	0		($439,027	)	$	0		($2,572	)		($5,035,014	)
2021	$	8,418,152		($133,935	)	$	0		$9,673,416		$	0		$273,272			$18,230,906
2020	$	4,176,976		($2,576,695	)	$	0		$1,112,517		$	0		$49,990			$2,762,789

The following adjustments were made to Mr. Groetelaars’ equity valuations to determine the compensation actually paid to Mr. Groetelaars:



Second PEO Equity Award Adjustment Breakout

Year	Year End Fair Value of Equity Awards in the Year and Outstanding and Unvested as of the End of the Year		Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the 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 Adjustments 1
2022	$	150,317	$	0	$	6,999,995	$	0	$	0	$	0	$	7,150,311
2021	$	0	$	0	$	0	$	0	$	0	$	0	$	0
2020	$	0	$	0	$	0	$	0	$	0	$	0	$	0

The following adjustments were made to Mr. Campion’s equity valuations to determine the compensation actually paid to Mr. Campion:



Third PEO Equity Award Adjustment Breakout

Year	Year End Fair Value of Equity Awards in the Year and Outstanding and Unvested as of the End of the Year		Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years		Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year		Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the 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 Adjustments 1
2022	$	7,111,687	$	0	$	0	$	0	$	0	$	0	$	7,111,687
2021	$	0	$	0	$	0	$	0	$	0	$	0	$	0
2020	$	0	$	0	$	0	$	0	$	0	$	0	$	0

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,986,155

5,981,207

2,006,914

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

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 first 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 three years presented in the Pay Versus Performance Table for 2022.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

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 first PEO and the average amount of compensation actually paid to the Other NEOs is generally aligned with Dentsply Sirona’s Adjusted Earnings Per Share over each of the three years presented in the Pay Versus Performance Table for 2022.