Form 4: NCR Atleos Director Mary Ellen Baker Reports Acquisition of Restricted Stock Units

Director Mary Ellen Baker acquired 5,686 shares of NCR Atleos Corp common stock in the form of restricted stock units on May 21, 2024.

Summary

• Mary Ellen Baker, a director of NCR Atleos Corp, reported the acquisition of 5,686 shares of common stock in the form of restricted stock units on May 21, 2024.
• The restricted stock units were granted as part of the annual equity grant under the NCR Atleos Director Compensation Program.
• The grant was priced at $28.14 per share.
• These restricted stock units vest 12 months after the grant date, contingent upon continued service as a director.
• Following the transaction, Baker directly owns 12,503 shares of NCR Atleos Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by a director is generally a positive sign, indicating confidence in the company's prospects. The grant is part of a standard compensation program.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The vesting schedule incentivizes continued service and commitment from the director.

Future Outlook

The restricted stock units vest 12 months after the grant date, subject to the reporting person's continued service as a director on the vesting date.

Industry Context

Director compensation in the form of equity grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Equity grants to directors are a standard practice across publicly listed companies.
• The vesting period of 12 months is also a common arrangement to ensure continued service and alignment with long-term company goals.
• Comparable companies such as Diebold Nixdorf and Glory Ltd. also utilize equity-based compensation for their board members.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder sentiment.
• The vesting schedule incentivizes the director to remain committed to the company's success, benefiting all stakeholders.

Key Dates