Form 4: Accel Entertainment Executive Mark T. Phelan Reports Changes in Beneficial Ownership

Mark T. Phelan, President, U.S. Gaming at Accel Entertainment, reports transactions involving Class A-1 Common Stock and Restricted Stock Units.

Summary

• On June 14, 2024, Mark T. Phelan, President, U.S. Gaming at Accel Entertainment, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The transactions included the vesting of 1,784 Restricted Stock Units (RSUs) which converted into Class A-1 Common Stock.
• Phelan also disposed of 523 shares of Class A-1 Common Stock at a price of $9.94.
• Additionally, Phelan reported gifting 1,000 shares of Class A-1 Common Stock to his daughter.
• Following these transactions, Phelan directly owns 187,807 shares of Class A-1 Common Stock and indirectly owns 1,000 shares through his daughter.
• He also directly owns 12,488 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.

Related Party Transactions

• Mark T. Phelan gifted 1,000 shares of Class A-1 Common Stock to his daughter.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a key executive.

Key Dates