Form 4: Accel Entertainment CFO Mathew Ellis Reports Stock Transactions

Chief Financial Officer of Accel Entertainment, Mathew Ellis, reports the acquisition and disposal of Class A-1 Common Stock and Restricted Stock Units on April 28, 2024.

Summary

• On April 28, 2024, Mathew Ellis, the CFO of Accel Entertainment, reported transactions involving the company's Class A-1 Common Stock and Restricted Stock Units (RSUs).
• Ellis acquired 12,500 shares of Class A-1 Common Stock through the vesting of RSUs.
• Concurrently, Ellis disposed of 3,663 shares of Class A-1 Common Stock to cover tax obligations at a price of $11.19 per share.
• Following these transactions, Ellis directly owns 51,881 shares of Class A-1 Common Stock.
• Ellis also holds 37,500 Restricted Stock Units, which vest quarterly, contingent upon continued service to Accel Entertainment.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The remaining RSUs will vest in 8 equal quarterly installments, subject to the Reporting Person's continuing service to the Issuer on each vesting date.

Industry Context

This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's typical for executives to receive stock-based compensation and periodically adjust their holdings.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
• The disposal of shares to cover tax obligations may have a minor impact on the stock's trading volume.

Key Dates