Form 4: Accel Entertainment Director Kathleen Philips Receives Stock Units

Kathleen Philips, a director at Accel Entertainment, acquired restricted stock units (RSUs) representing a contingent right to receive Class A-1 Common Stock.

Summary

• On March 15, 2024, Kathleen Philips, a director of Accel Entertainment, Inc., was granted 12,184 Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive 1 share of the Issuer's Class A-1 Common Stock upon settlement for no consideration.
• Additionally, Philips acquired 9,187 RSUs as a result of electing to defer receipt of her annual cash retainer and chair and/or committee member fees.
• 100% of both RSU grants will vest on December 31, 2024, contingent upon Philips' continued service to the Issuer on the vesting date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs will vest on December 31, 2024, contingent upon the Reporting Person's continued service to the Issuer on the vesting date.

Industry Context

This filing is a routine disclosure of a director's acquisition of company stock, which is common in publicly traded companies as part of executive compensation packages.

Stakeholder Impact

• The granting of RSUs to a director aligns their interests with those of shareholders, potentially incentivizing them to work towards increasing shareholder value.

Key Dates