Form 4: Accel Entertainment CFO Mathew Ellis Reports Stock Transactions
SEC Form 4
Chief Financial Officer of Accel Entertainment, Mathew Ellis, reports multiple transactions involving Class A-1 Common Stock and Restricted Stock Units (RSUs) between March 14 and March 16, 2024.
Summary
- Mathew Ellis, the CFO of Accel Entertainment, filed a Form 4 detailing changes in beneficial ownership.
- On March 14, 2024, Ellis acquired 796 and 6,591 shares of Class A-1 Common Stock through the vesting of Restricted Stock Units (RSUs) at $0.
- Also on March 14, 2024, Ellis disposed of 234 and 1,932 shares of Class A-1 Common Stock at $11.28.
- On March 16, 2024, Ellis acquired 737 shares of Class A-1 Common Stock through the vesting of RSUs at $0.
- Ellis also disposed of 216 shares of Class A-1 Common Stock at $11.34 on March 16, 2024.
- Following these transactions, Ellis directly owns 43,044 shares of Class A-1 Common Stock and 16,754 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a neutral document detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | 1/4 of the RSUs will vest on March 14, 2023, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date. |
| 03/14/2024 | Multiple transactions involving Class A-1 Common Stock and Restricted Stock Units (RSUs) occurred. |
| 03/15/2024 | Restricted Stock Unit (RSU) (1) 03/15/2024 A 16,754 (3) (3) Class A-1 Common Stock 16,754 $ 0 16,754 D |
| 03/16/2022 | 1/4 of the RSUs will vest on March 16, 2022, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date. |
| 03/16/2024 | Multiple transactions involving Class A-1 Common Stock and Restricted Stock Units (RSUs) occurred. |
| 03/18/2024 | Date of signature by Derek Harmer, Attorney-in-fact for Mathew Ellis. |
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