Director at NCR Atleos (NATL) receives 4,351 restricted stock units as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reece Joseph E reported acquisition or exercise transactions in this Form 4 filing.
NCR Atleos Corp director Reece Joseph E received an equity award of 4,351 restricted stock units on Common Stock valued at $44.82 per share-equivalent. These units represent the annual equity grant under the NCR Atleos Director Compensation Program and are a form of stock-based compensation rather than an open‑market purchase.
The restricted stock units vest 12 months after the grant date, subject to his continued service as a director on each vesting date. He elected to defer receipt of the underlying NCR Atleos common stock until after his service as a director ends. Following this award, he directly holds 47,953 shares or share-equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reece Joseph E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,351 | $44.82 | $195K |
Holdings After Transaction:
Common Stock — 47,953 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 4,351 units
Grant reference price: $44.82 per share-equivalent
Holdings after grant: 47,953 shares
+1 more
4 metrics
RSU grant size
4,351 units
Annual director equity grant on Common Stock
Grant reference price
$44.82 per share-equivalent
Value used for the restricted stock unit award
Holdings after grant
47,953 shares
Total direct holdings following the Form 4 transaction
Vesting period
12 months
RSUs vest 12 months after the grant date
Key Terms
restricted stock units, NCR Atleos Director Compensation Program, defer receipt, vest
4 terms
restricted stock units financial
"These restricted stock units represent the annual equity grant awarded to directors under the NCR Atleos Director Compensation Program"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
NCR Atleos Director Compensation Program financial
"the annual equity grant awarded to directors under the NCR Atleos Director Compensation Program"
defer receipt financial
"The reporting person elected to defer receipt of NCR Atleos common stock underlying the restricted stock units"
vest financial
"The restricted stock units vest 12 months after the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did NCR Atleos (NATL) disclose for Reece Joseph E?
NCR Atleos reported that director Reece Joseph E received 4,351 restricted stock units as an equity award. The units are tied to Common Stock at $44.82 per share-equivalent and represent his annual grant under the company’s Director Compensation Program.
Was the NCR Atleos (NATL) Form 4 transaction a stock purchase or a compensation grant?
The Form 4 transaction is a compensation-related grant, not an open-market stock purchase. The director received 4,351 restricted stock units under the NCR Atleos Director Compensation Program as part of annual director equity compensation, classified as a grant, award, or other acquisition.
How do the NCR Atleos (NATL) restricted stock units granted to the director vest?
The restricted stock units vest 12 months after the grant date, provided the director continues serving on the board. Continued service through the vesting date is required, making the grant a time-based equity award aligned with ongoing board membership at NCR Atleos.
When will the NCR Atleos (NATL) director actually receive the common stock from these RSUs?
The director elected to defer receipt of the underlying NCR Atleos common stock until after his service as a director ends. Common shares will be delivered following termination of his board service, consistent with the company’s Director Compensation Program rules.