Form 4: NCR Atleos Corp: CEO Timothy Charles Oliver Reports Stock Transactions
SEC Form 4 Filing
NCR Atleos Corp's CEO, Timothy Charles Oliver, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 23, 2024, Timothy Charles Oliver, President & CEO of NCR Atleos Corp, had 45,444 restricted stock units vest.
- These units vested subject to his continued employment with the Issuer.
- Also on February 23, 2024, 20,496 shares were withheld to cover tax obligations related to the vesting of the restricted stock units at a price of $21.07.
- Following these transactions, Oliver directly owns 234,081 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices and tax management related to equity awards.
Stakeholder Impact
- The vesting of restricted stock units and subsequent tax withholding may have a minor impact on shareholders due to the change in the number of shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Restricted stock units vested and shares were withheld for tax obligations. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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