Form 4: NCR Atleos Director Joseph E. Reece Reports Acquisition of Phantom Stock Units

Director Joseph E. Reece reports acquiring 1,840 phantom stock units of NCR Atleos Corp under the Director Compensation Program.

Summary

• On September 30, 2024, Joseph E. Reece, a director of NCR Atleos Corp, acquired 1,840 phantom stock units under the company's Director Compensation Program.
• These units represent deferred compensation in the form of NCR Atleos common stock, to be received after termination of service as a director.
• The phantom stock units convert to common stock on a one-for-one basis and become payable upon termination of service as a director.
• The price of the derivative security is $28.53.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests. There are no indications of negative events or concerns.

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 upon the director's termination of service.

Industry Context

This filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Director compensation programs involving stock or phantom stock units are common among publicly traded companies to align director interests with shareholder value.
• The specifics of the NCR Atleos Director Compensation Program would need to be compared to those of peer companies to assess its competitiveness and appropriateness.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates