Form 4: NCR Atleos Director Acquires Phantom Stock Units Through Compensation Program

Director Joseph E. Reece acquired 1,548 phantom stock units of NCR Atleos Corp through the company's director compensation program, deferring receipt until termination of service.

Summary

• Joseph E. Reece, a director at NCR Atleos Corp, acquired 1,548 phantom stock units on December 31, 2024.
• These units were acquired as part of the NCR Atleos Director Compensation Program.
• The units represent a deferred payment of the director's quarterly cash retainer.
• The phantom stock units will be converted into common stock on a one-for-one basis upon termination of the director's service.
• The price of the underlying common stock at the time of acquisition was $33.92.
• Following this transaction, Mr. Reece beneficially owns 3,388 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The compensation program allows for deferred payment in the form of company stock, potentially increasing the director's stake in the company's success.

Future Outlook

The phantom stock units will be converted to common stock upon the director's termination of service.

Industry Context

This type of compensation is common for directors of publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Many public companies use stock-based compensation for directors to align their interests with shareholders.
• The use of phantom stock units is a common method for deferring compensation until a director's service ends.
• This approach is similar to practices at companies like IBM and Microsoft, where directors often receive stock options or restricted stock units as part of their compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

phantom stock units, director compensation, insider trading, NCR Atleos, stock acquisition, deferred compensation