Form 4: Accel Entertainment Executive Derek Harmer Reports Stock Transactions
SEC Form 4 Filing
Derek Harmer, Secretary of Accel Entertainment, reports acquisition and disposal of Class A-1 Common Stock and Restricted Stock Units.
Summary
- On June 14, 2024, Derek Harmer, Secretary of Accel Entertainment, reported the acquisition of 1,846 shares of Class A-1 Common Stock and the disposal of 541 shares for $9.94 each.
- Following these transactions, Harmer directly owns 191,376 shares of Class A-1 Common Stock.
- Additionally, Harmer acquired 1,846 Restricted Stock Units (RSUs) and disposed of some RSUs.
- On June 16, 2024, Harmer acquired 2,021 shares of Class A-1 Common Stock and disposed of 593 shares for $9.94 each.
- Following these transactions, Harmer directly owns 192,804 shares of Class A-1 Common Stock.
- Additionally, Harmer acquired 2,021 Restricted Stock Units (RSUs) and disposed of some RSUs.
- The RSUs represent a contingent right to receive Class A-1 Common Stock upon settlement.
- Vesting schedules for the RSUs are outlined, with portions vesting quarterly subject to continued service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value and future prospects.
Key Dates
| Date | Description |
|---|---|
| 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 continued service to the Issuer on each vesting date. |
| 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. |
| 06/14/2024 | Date of transaction involving Class A-1 Common Stock and Restricted Stock Units. |
| 06/16/2024 | Date of transaction involving Class A-1 Common Stock and Restricted Stock Units. |
| 06/18/2024 | Date of signature for the Form 4 filing. |
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