Form 4: NCR Atleos Director Mark Begor Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Director Mark Begor reports acquisition of 996 phantom stock units under the NCR Atleos Director Compensation Program.
Summary
- On March 31, 2025, Mark Begor, a director of NCR Atleos Corp, acquired 996 phantom stock units.
- These units were obtained under the NCR Atleos Director Compensation Program as part of his quarterly cash retainer, which he elected to defer as NCR Atleos common stock.
- The phantom stock units convert to common stock on a one-for-one basis and become payable upon termination of his service as a director.
- Following the transaction, Begor directly owns 2,690 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning director interests with shareholder value. There are no indications of negative implications.
Future Outlook
The phantom stock units will be converted into common stock upon the termination of Mark Begor's service as a director.
Industry Context
This filing reflects standard compensation practices for directors of publicly traded companies, where stock-based compensation is used to align the interests of directors with those of shareholders.
Comparison to Industry Standards
- Director compensation packages often include a mix of cash retainers and equity-based awards, such as stock options, restricted stock, or phantom stock units.
- The specifics of these packages vary widely based on company size, industry, and individual director responsibilities.
- Companies like IBM, Microsoft, and Apple also utilize similar compensation strategies for their board members, aligning their interests with long-term shareholder value.
Stakeholder Impact
- The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Mark Begor acquired phantom stock units. |
| 04/02/2025 | Date of signature of the report. |
Keywords
NCR Atleos, Director Compensation, Phantom Stock Units, Form 4, Beneficial Ownership, Mark Begor
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