Form 4: NCR Atleos Director Joseph E. Reece Acquires Phantom Stock Units Under Compensation Program

Director Joseph E. Reece acquired 1,943 phantom stock units of NCR Atleos Corp under the company's Director Compensation Program.

Summary

• On June 30, 2024, Joseph E. Reece, a director of NCR Atleos Corp, acquired 1,943 phantom stock units.
• The acquisition was made under the NCR Atleos Director Compensation Program as part of Reece's quarterly cash retainer, which he elected to defer as common stock.
• These 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 phantom stock units was $27.02 per unit.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's participation in a compensation program, indicating confidence in the company. There are no explicit negative indicators.

Positives

• The director's participation in the compensation program demonstrates confidence in the company's future.

Future Outlook

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

Industry Context

Director compensation programs are common in publicly traded companies to align the interests of directors with those of shareholders. Deferring compensation into stock can further strengthen this alignment.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with shareholder value.

Key Dates