Form 4: Accel Entertainment Executive Derek Harmer Reports Stock Transactions
SEC Form 4 Filing
Derek Harmer, Secretary of Accel Entertainment, reports the acquisition and disposal of Class A-1 Common Stock and Restricted Stock Units on April 13, 2024.
Summary
- On April 13, 2024, Derek Harmer, Secretary of Accel Entertainment, reported transactions involving Class A-1 Common Stock and Restricted Stock Units (RSUs).
- Harmer acquired 1,543 shares of Class A-1 Common Stock through the vesting of RSUs.
- Simultaneously, 453 shares were disposed of to cover tax obligations at a price of $11.01 per share.
- Following these transactions, Harmer directly owns 190,071 shares of Class A-1 Common Stock and 1,544 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company executives and their potential impact on the stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares and potentially affecting the stock price, although the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 04/13/2024 | Date of the reported transactions (acquisition and disposal of shares and vesting of RSUs). |
| 04/16/2024 | Date of signature on the Form 4 filing. |
| July 13, 2021 | Initial vesting date for 1/4 of the Restricted Stock Units. |
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