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

Director Joseph E. Reece acquired 1,991 phantom stock units of NCR Atleos Corp under the company's Director Compensation Program, deferring his quarterly cash retainer into common stock to be received post-service.

Summary

• On March 31, 2025, Joseph E. Reece, a director of NCR Atleos Corp, acquired 1,991 phantom stock units.
• The acquisition was part of the NCR Atleos Director Compensation Program.
• Reece elected to defer his quarterly cash retainer as NCR Atleos common stock.
• The phantom stock units will be converted into common stock on a one-for-one basis following the termination of Reece's service as a director.
• The price of the derivative security was $26.38.
• Following the transaction, Reece beneficially owns 5,379 derivative securities.
• The reporting person's attorney-in-fact signed the document on April 02, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive as it shows alignment of director interests with shareholders.

Positives

• The director's participation in the compensation program demonstrates alignment with the company's long-term success.

Future Outlook

The phantom stock units will be converted into common stock on a one-for-one basis following the termination of Reece's service as a director.

Industry Context

Director compensation programs involving stock or stock units are common in publicly traded companies to align the interests of directors with those of shareholders. This filing indicates a standard practice of equity-based compensation for directors.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across the industry.
• Companies like Visa, Mastercard, and American Express also utilize stock options and restricted stock units as part of their director compensation packages.
• The specific amount and terms of the equity compensation vary based on company size, performance, and industry standards.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, potentially leading to better corporate governance and decision-making.

Key Dates

Keywords

NCR Atleos, Director Compensation Program, Phantom Stock Units, Form 4, Beneficial Ownership, Joseph E. Reece, NATL