Form 4: Accel Entertainment CEO Andrew Rubenstein Reports Stock Transactions

Andrew Rubenstein, CEO and President of Accel Entertainment, reports the acquisition and disposal of Class A-1 Common Stock and Restricted Stock Units (RSUs) between March 14 and March 16, 2024.

Summary

• Andrew Rubenstein, the CEO and President of Accel Entertainment, filed a Form 4 detailing changes in beneficial ownership.
• On March 14, 2024, Rubenstein acquired 6,958 shares of Class A-1 Common Stock and disposed of 3,034 shares at a price of $11.28.
• Also on March 14, 2024, he acquired 30,132 shares and disposed of 13,138 shares at $11.28.
• On March 16, 2024, Rubenstein acquired 5,614 shares and disposed of 2,448 shares at $11.34.
• These transactions involved the vesting and subsequent disposal of shares related to Restricted Stock Units (RSUs).
• Following these transactions, Rubenstein directly owns 4,244,353 shares of Class A-1 Common Stock.
• He also holds 80,505 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of key personnel.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates