Glenn W. Welling - Mar 31, 2023 Form 4 Insider Report for NCR CORP (NCR)

Role: Director
Signature: /s/ Glenn W. Welling
Stock symbol: NCR
Transactions as of: Mar 31, 2023
Transactions value $: $28,945
Form type: 4
Date filed: 4/4/2023, 08:30 PM
Previous filing: Jan 5, 2023
Next filing: May 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NCR	Common Stock	Award	$28.9K	+1.14K	+11.51%	$25.39	11K	Mar 31, 2023	Direct	F1
holding	NCR	Common Stock						2.92M	Mar 31, 2023	By: Engaged Capital Flagship Master Fund, LP	F2, F5
holding	NCR	Common Stock						2.1M	Mar 31, 2023	By: Engaged Capital Co-Invest XIV, LP	F3, F5
holding	NCR	Common Stock						234K	Mar 31, 2023	By: Managed Account of Engaged Capital, LLC	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These are shares of common stock issued under the NCR Director Compensation Program (the "Compensation Program") as part of Mr. Welling's annual retainer, which is paid quarterly. Mr. Welling elected to receive all of the annual retainer in current common stock in accordance with the terms of the Compensation Program.
F2	Securities owned directly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"). Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, LLC ("Engaged Capital"), the general partner and investment adviser of Engaged Capital Flagship Master, and as the sole member of Engaged Capital Holdings, LLC ("Engaged Holdings"), the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.
F3	Securities owned directly by Engaged Capital Co-Invest XIV, LP ("Engaged Capital Co-Invest XIV"). Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, the general partner and investment adviser of Engaged Capital Co-Invest XIV, and as the sole member of Engaged Holdings, the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Co-Invest XIV.
F4	Securities held in an account separately managed by Engaged Capital (the "Engaged Capital Account"). Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, the investment adviser of the Engaged Capital Account, and as the sole member of Engaged Holdings, the managing member of Engaged Capital, may be deemed to beneficially own the securities held in the Engaged Capital Account.
F5	Mr. Welling disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Welling is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.