Form 4: Accel Entertainment Executive Awarded Restricted Stock Units

Christen Kozlik, Chief Accounting Officer of Accel Entertainment, was granted 14,708 restricted stock units (RSUs) that will vest over three years.

Summary

• Christen Kozlik, the Chief Accounting Officer of Accel Entertainment, received 14,708 restricted stock units (RSUs) on May 15, 2024.
• These RSUs represent a contingent right to receive shares of Accel Entertainment's Class A-1 Common Stock upon settlement at no cost.
• The RSUs will vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date, contingent upon Kozlik's continued service to the company.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders. The sentiment is moderately positive due to the incentive structure.

Positives

• The granting of RSUs aligns the executive's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.
• The vesting schedule encourages long-term commitment from the Chief Accounting Officer.

Future Outlook

The RSUs will vest over the next three years, subject to the reporting person's continued service.

Industry Context

Granting RSUs is a common practice in corporate compensation to align executive interests with shareholder value and incentivize long-term performance.

Comparison to Industry Standards

• Equity compensation, such as RSUs, is a standard practice among publicly traded companies like Accel Entertainment to attract and retain key executives.
• Companies such as DraftKings and Penn Entertainment also utilize similar equity-based compensation plans for their executives.
• The vesting schedule of three years is also a common industry standard for RSU grants.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the Chief Accounting Officer to contribute to the company's long-term success.
• Employees may see this as a positive sign of investment in leadership.

Next Steps

• The reporting person will receive shares of Class A-1 Common Stock as the RSUs vest over the next three years, contingent upon continued service.

Key Dates