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NCR Atleos (NATL) director defers retainer into 1,205 phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NCR Atleos Corp director Reece Joseph E received a grant of 1,205 Phantom Stock Units as part of the company’s Director Compensation Program. These units were awarded in lieu of a portion of his quarterly cash retainer, at a reference price of $43.58 per unit.

The phantom stock units convert into NCR Atleos common stock on a one-for-one basis and become payable in common stock after his service as a director ends. Following this grant, he holds a total of 11,138 phantom stock units directly.

Positive

  • None.

Negative

  • None.
Insider Reece Joseph E
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 1,205 $43.58 $53K
Holdings After Transaction: Phantom Stock Units — 11,138 shares (Direct)
Footnotes (1)
  1. These are stocks acquired under the NCR Atleos Director Compensation Program (the "Compensation Program") as part of the reporting person's quarterly cash retainer. The reporting person elected to defer receipt of the quarterly cash retainer as NCR Atleos common stock to be received following the termination of the reporting person's service as a director. The phantom stock units are converted into common stock on a one-for-one basis. The phantom stock units become payable in common stock following the reporting person's termination of service as a director.
Phantom Stock Units granted 1,205 units Director Compensation Program grant on March 31, 2026
Grant reference price $43.58 per unit Value used for phantom unit award
Total phantom units after grant 11,138 units Holdings following reported transaction
Underlying common stock 1,205 shares One-for-one conversion from granted phantom units
Phantom Stock Units financial
"These are stocks acquired under the NCR Atleos Director Compensation Program ... The phantom stock units are converted into common stock on a one-for-one basis."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
NCR Atleos Director Compensation Program financial
"These are stocks acquired under the NCR Atleos Director Compensation Program (the "Compensation Program") as part of the reporting person's quarterly cash retainer."
quarterly cash retainer financial
"These are stocks acquired under the ... Compensation Program ... as part of the reporting person's quarterly cash retainer."
one-for-one basis financial
"The phantom stock units are converted into common stock on a one-for-one basis."
payable in common stock financial
"The phantom stock units become payable in common stock following the reporting person's termination of service as a director."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Reece Joseph E
(Last)(First)(Middle)
864 SPRING STREET NW
(Street)
ATLANTA GEORGIA 30308
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NCR Atleos Corp [ NATL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)(2)03/31/2026A1,205 (3) (3)Common Stock1,205$43.5811,138D
Explanation of Responses:
1. These are stocks acquired under the NCR Atleos Director Compensation Program (the "Compensation Program") as part of the reporting person's quarterly cash retainer. The reporting person elected to defer receipt of the quarterly cash retainer as NCR Atleos common stock to be received following the termination of the reporting person's service as a director.
2. The phantom stock units are converted into common stock on a one-for-one basis.
3. The phantom stock units become payable in common stock following the reporting person's termination of service as a director.
/s/ Leah Singleton, Attorney-in-Fact04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did NCR Atleos (NATL) director Reece Joseph E report on this Form 4?

He reported receiving 1,205 Phantom Stock Units as compensation. These units were granted instead of cash for his quarterly director retainer and are tied to NCR Atleos common stock, to be delivered after his board service ends.

How many Phantom Stock Units does the NCR Atleos (NATL) director hold after this grant?

After the grant, he holds 11,138 Phantom Stock Units in total. These units track the value of NCR Atleos common stock and will convert one-for-one into shares when they are ultimately settled after his director service concludes.

What are Phantom Stock Units in the NCR Atleos (NATL) director compensation program?

Phantom Stock Units are bookkeeping entries that mirror NCR Atleos common stock value. Under the Director Compensation Program, they are granted instead of cash and later convert one-for-one into common shares, payable after the director leaves the board.

At what price were the NCR Atleos (NATL) Phantom Stock Units awarded on this Form 4?

The 1,205 Phantom Stock Units were awarded at a reference price of $43.58 per unit. This price reflects the value used for the grant calculation and helps translate the director’s deferred cash retainer into stock-based compensation.

When will the NCR Atleos (NATL) Phantom Stock Units become payable to the director?

The phantom stock units become payable in NCR Atleos common stock after the director’s termination of service. At that time, each unit converts into one share, delivering the deferred value earned under the Director Compensation Program.