NCR Atleos (NATL) director Reece defers pay into 1,325 phantom stock units
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 Joseph E. Reece received a grant of 1,325 Phantom Stock Units valued at $43.41 per unit as part of his quarterly director compensation. These units track NCR Atleos common stock on a one-for-one basis and will be paid in shares after his board service ends, bringing his total reported phantom units to 12,463.
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 | Phantom Stock Units | 1,325 | $43.41 | $58K |
Holdings After Transaction:
Phantom Stock Units — 12,463 shares (Direct, null)
Footnotes (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.
Key Figures
Phantom Stock Units granted: 1,325 units
Grant value per unit: $43.41 per unit
Total phantom units after grant: 12,463 units
+2 more
5 metrics
Phantom Stock Units granted
1,325 units
Grant under Director Compensation Program on June 30, 2026
Grant value per unit
$43.41 per unit
Value assigned to Phantom Stock Units on transaction date
Total phantom units after grant
12,463 units
Phantom Stock Units beneficially owned following transaction
Conversion ratio
1:1
Each Phantom Stock Unit converts into one common share
Transaction code
A
Grant, award, or other acquisition of derivative security
Key Terms
Phantom Stock Units, NCR Atleos Director Compensation Program, defer receipt of the quarterly cash retainer, one-for-one basis, +1 more
5 terms
Phantom Stock Units financial
"These are stocks acquired under the NCR Atleos Director Compensation Program as Phantom Stock Units."
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 as part of the quarterly cash retainer."
defer receipt of the quarterly cash retainer financial
"The reporting person elected to defer receipt of the quarterly cash retainer as NCR Atleos common stock."
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."
FAQ
What did NCR Atleos (NATL) director Joseph E. Reece report on this Form 4?
He reported receiving 1,325 Phantom Stock Units as director compensation. These units are tied to NCR Atleos common stock and represent a deferred form of his quarterly cash retainer, increasing his total reported phantom units to 12,463 after the transaction.
How are Joseph E. Reece’s Phantom Stock Units at NCR Atleos (NATL) valued?
The 1,325 Phantom Stock Units were valued at $43.41 per unit on the grant date. Because each unit corresponds one-for-one with NCR Atleos common stock, their value moves with the share price until they are ultimately settled in stock.
When will NCR Atleos (NATL) director Joseph E. Reece receive the common stock for these units?
The Phantom Stock Units become payable in NCR Atleos common stock after his service as a director ends. Until then, they remain as deferred units that mirror the underlying stock, aligning his compensation with long-term company performance.
What is the purpose of the Phantom Stock Units granted to the NCR Atleos (NATL) director?
The units were granted under the NCR Atleos Director Compensation Program as part of his quarterly cash retainer. He elected to defer that cash into Phantom Stock Units, effectively converting current cash compensation into deferred equity-linked compensation in the company.
How many Phantom Stock Units does Joseph E. Reece hold after this NCR Atleos (NATL) transaction?
After receiving 1,325 additional Phantom Stock Units, he holds a total of 12,463 units. These units will eventually be converted into an equal number of NCR Atleos common shares following the end of his service on the company’s board.