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

NCR Atleos director Mark W. Begor acquired 774 phantom stock units as part of the company's director compensation program, which will convert to common stock upon termination of service.

Summary

• Director Mark W. Begor acquired 774 phantom stock units on December 31, 2024, as part of the NCR Atleos Director Compensation Program.
• These units represent a deferral of his quarterly cash retainer, which he elected to receive as company stock.
• The phantom stock units will convert to common stock on a one-for-one basis after Mr. Begor's service as a director ends.
• Following this transaction, Mr. Begor now holds 1,694 phantom stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The compensation program allows directors to defer cash payments into company stock, demonstrating confidence in the company's future.

Future Outlook

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

Industry Context

This is a standard practice for director compensation, aligning their interests with the company's performance. It is common for companies to offer stock-based compensation to directors.

Comparison to Industry Standards

• Many 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.
• Companies like IBM, Oracle, and Microsoft also use similar stock-based compensation plans for their directors.

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, stock acquisition, NCR Atleos, Form 4, insider trading