Form 4: NCR Atleos Director Odilon Almeida Reports Acquisition of Restricted Stock Units

Director Odilon Almeida reports the acquisition of 5,686 restricted stock units of NCR Atleos Corp as part of the annual equity grant.

Summary

• On May 21, 2024, Odilon Almeida, a director of NCR Atleos Corp, acquired 5,686 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted as part of the annual equity grant under the NCR Atleos Director Compensation Program.
• The price of the stock at the time of the transaction was $28.14 per share.
• The restricted stock units vest 12 months after the grant date, contingent upon Almeida's continued service as a director.
• Following the transaction, Almeida directly owns 12,503 shares of NCR Atleos Corp.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting period encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest 12 months after the grant date, contingent upon continued service as a director.

Industry Context

This filing is a routine disclosure related to director compensation, which is a common practice in publicly traded companies to incentivize and retain board members.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with equity grants like restricted stock units being a standard component.
• Companies like Diebold Nixdorf and Glory also utilize equity-based compensation for their directors to align their interests with shareholders.
• The vesting period of 12 months is typical for restricted stock units granted to directors.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates