Form 4: NCR Atleos Director Mark W. Begor Reports Acquisition of Phantom Stock Units

Director Mark W. Begor reports acquisition of 971 phantom stock units under the NCR Atleos Director Compensation Program.

Summary

• Mark W. Begor, a director of NCR Atleos Corp, reported the acquisition of 971 phantom stock units on June 30, 2024.
• These units were acquired under the NCR Atleos Director Compensation Program as part of the director's quarterly cash retainer, which Begor elected to defer as common stock.
• The phantom stock units are convertible into common stock on a one-for-one basis and will be payable following the termination of Begor's service as a director.
• The price of the derivative security is $27.02.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices and alignment of interests with shareholders.

Positives

• The director's decision to defer cash retainer into stock units demonstrates confidence in the company's future performance.

Future Outlook

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

Industry Context

Director compensation in the form of stock units is a common practice to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Granting stock options or restricted stock units to board members is a common practice among publicly traded companies to incentivize long-term value creation.
• Companies like Visa and Mastercard also use equity-based compensation for their directors.
• The specific amount and vesting schedule can vary widely based on company size, industry, and individual director roles.

Stakeholder Impact

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates