Form 4: NCR Atleos Director Odilon Almeida Receives Annual Equity Grant

NCR Atleos Corp. Director Odilon Almeida was granted 7,121 restricted stock units as part of his annual equity compensation, vesting in May 2026.

Summary

• Director Odilon Almeida of NCR Atleos Corp. (NATL) acquired 7,121 shares of common stock on May 21, 2025.
• This acquisition represents an annual equity grant awarded to directors under the NCR Atleos Director Compensation Program.
• The restricted stock units (RSUs) were valued at $25.98 per share at the time of the grant.
• Following this transaction, Mr. Almeida's direct beneficial ownership of common stock increased to 19,624 shares.
• The acquired restricted stock units are scheduled to vest 12 months after the grant date, contingent upon Mr. Almeida's continued service as a director.

Sentiment

Score: 7

Explanation: The filing indicates a standard equity grant to a director, which is a positive sign of aligning management interests with shareholders and is part of a routine compensation program, reflecting stable corporate governance.

Positives

• The equity grant aligns the director's financial interests with those of the shareholders, promoting long-term value creation.
• This transaction is part of a standard, pre-established director compensation program, indicating routine corporate governance practices.

Risks

• The vesting of the 7,121 restricted stock units is subject to the reporting person's continued service as a director on the vesting date.

Future Outlook

The restricted stock units granted to Director Odilon Almeida are expected to vest 12 months from the grant date, contingent on his continued service as a director.

Management Comments

• "These restricted stock units represent the annual equity grant awarded to directors under the NCR Atleos Director Compensation Program."
• "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

It is a common and widely accepted practice in publicly traded companies to compensate non-employee directors with equity, such as restricted stock units, to align their interests with long-term shareholder value. This filing reflects a routine aspect of corporate governance and director compensation within the industry.

Comparison to Industry Standards

• The granting of restricted stock units as part of an annual director compensation program is a standard practice across many industries, including technology and financial services, where companies like IBM, Fiserv, or Diebold Nixdorf also utilize equity-based compensation to attract and retain qualified board members and align their incentives with company performance.

Related Party Transactions

• The acquisition of 7,121 restricted stock units by Director Odilon Almeida is an annual equity grant under the NCR Atleos Director Compensation Program, representing a transaction between the company and a related party (a director).

Stakeholder Impact

• Shareholders: The equity grant aligns the director's long-term interests with shareholder value, potentially leading to more focused decision-making aimed at increasing stock price.
• Employees: No direct impact on employees is mentioned in this filing.

Next Steps

• The restricted stock units are expected to vest on or around May 21, 2026, provided Director Odilon Almeida continues his service.

Key Dates

Keywords

NCR Atleos, NATL, Form 4, Insider Transaction, Director Compensation, Restricted Stock Units, Equity Grant, Odilon Almeida, Corporate Governance