Form 4: NCR Atleos Director Joseph Reece Acquires Phantom Stock

Director Joseph E. Reece acquired 1,205 phantom stock units as part of the NCR Atleos Director Compensation Program.

Summary

• Director Joseph E. Reece acquired 1,205 phantom stock units on March 31, 2026.
• The acquisition was part of the NCR Atleos Director Compensation Program, representing a deferral of the director's quarterly cash retainer.
• The units are valued at $43.58 per share.
• Following this transaction, the director holds a total of 11,138 phantom stock units.
• These units will be converted into common stock on a one-for-one basis upon the termination of the director's service.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing related to director compensation, which is neutral in terms of market impact.

Positives

• Demonstrates alignment of director interests with shareholders through equity-based compensation.
• Reflects director confidence in the long-term value of NCR Atleos.

Negatives

• None identified.

Risks

• Value of phantom stock units is subject to the future market performance of NCR Atleos common stock.

Future Outlook

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

Management Comments

• The reporting person elected to defer receipt of the quarterly cash retainer as NCR Atleos common stock to be received following the termination of the reporting person's service as a director.

Industry Context

StockSavvy.ai notes that director equity deferral programs are standard corporate governance practices designed to align board member incentives with long-term shareholder value creation.

Comparison to Industry Standards

• The use of phantom stock units for director compensation is consistent with standard practices among mid-cap technology and financial services firms.
• The one-for-one conversion ratio is a standard industry practice for deferred compensation plans.

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation practices.

Next Steps

• Conversion of phantom stock units to common stock upon the director's eventual departure from the board.

Key Dates

Keywords

NCR Atleos, NATL, Form 4, Director Compensation, Insider Trading, Phantom Stock