NCR Atleos director granted 1,325 phantom units
Reece Joseph E reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 1,325 | $43.41 | $58K |
Footnotes (3)
- F1. 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.
- F2. The phantom stock units are converted into common stock on a one-for-one basis.
- F3. The phantom stock units become payable in common stock following the reporting person's termination of service as a director.
Key Figures
Key Terms
Phantom Stock Units financial
NCR Atleos Director Compensation Program financial
defer receipt of the quarterly cash retainer financial
one-for-one basis financial
payable in common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NCR Atleos (NATL) director Joseph E. Reece report on this Form 4?
How are Joseph E. Reece’s Phantom Stock Units at NCR Atleos (NATL) valued?
When will NCR Atleos (NATL) director Joseph E. Reece receive the common stock for these units?
What is the purpose of the Phantom Stock Units granted to the NCR Atleos (NATL) director?
How many Phantom Stock Units does Joseph E. Reece hold after this NCR Atleos (NATL) transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.