Mackinnon Stuart 4

What Happened

• Stuart Mackinnon, Chief Operating Officer of NCR Atleos (NATL), exercised/converted 17,183 derivative units into common shares at $38.11 per share (total exercise value $654,844) on January 30, 2026.
• Related to that exercise, 6,762 shares were surrendered to cover tax withholding (6,762 shares x $38.11 = $257,700) and 14,923 shares were transferred back to the issuer (14,923 x $38.11 = $568,716). The Form 4 records both the acquisition (code M) and the related dispositions (codes F and D).

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 2, 2026 (filing appears timely).
• Prices: $38.11 per share for the exercised/conversion shares.
• Shares acquired via exercise: 17,183 (total value $654,844).
• Shares disposed/withheld: 6,762 for tax withholding (code F, $257,700) and 14,923 transferred to issuer (code D, $568,716); filing also shows a disposition entry for 17,183 (code M) associated with the conversion/exercise.
• Shares owned after the transaction: not provided in the data you supplied.
• Footnotes: F1 — Performance was certified by the NCR Voyix Compensation & Human Resource Committee on Jan 29, 2026. F2 — Reflects vesting of performance-based restricted stock units that vested on Dec 31, 2025.

Context

• This was an exercise/conversion of derivatives (code M) with immediate share surrender/transfer to meet tax and issuer obligations, which effectively resembles a cashless settlement: the insider did not net-add a large position on the open market.
• These filings are routine for executives exercising vested awards or performance-based RSUs; they document the mechanics (exercise, tax withholding, issuer transfers) rather than explicit buy/sell sentiment.