Form 4: NCR Atleos Director Joseph E. Reece Acquires Shares Through Equity Grant

Director Joseph E. Reece acquired 5,686 shares of NCR Atleos Corp common stock through an equity grant, increasing his total holdings to 32,481 shares.

Summary

• On May 21, 2024, Joseph E. Reece, a director of NCR Atleos Corp, acquired 5,686 shares of common stock at a price of $28.14 per share.
• This acquisition was part of the annual equity grant awarded to directors under the NCR Atleos Director Compensation Program.
• The restricted stock units vest 12 months after the grant date, contingent upon continued service as a director.
• Reece has elected to defer receipt of the common stock until termination of his service as a director.
• Following the transaction, Reece beneficially owns 32,481 shares of NCR Atleos Corp, which includes 6,427 shares from compensation under the NCR Corp Director Compensation Plan, also deferred until termination of service.

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 shares by a director signals confidence in the company's future.
• The equity grant aligns the director's interests with those of the shareholders.
• The deferred receipt of shares demonstrates a long-term commitment to the company.

Future Outlook

The director will receive NCR Atleos common stock following the termination of his service as a director.

Industry Context

Director compensation through equity grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders. This filing reflects standard compensation practices.

Comparison to Industry Standards

• Equity grants to directors are a standard practice across publicly listed companies.
• Companies like Diebold Nixdorf and Glory also utilize equity-based compensation for their board members.
• The vesting period of 12 months is typical for restricted stock units granted to directors.

Stakeholder Impact

• Shareholders may view the director's increased stake in the company positively.
• The equity grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making.

Key Dates