Form 4: Accel Entertainment Executive Mark T. Phelan Reports Stock Transactions
SEC Form 4 Filing
Mark T. Phelan, President of U.S. Gaming at Accel Entertainment, reported the acquisition of 1,784 shares and the disposal of 523 shares of Class A-1 Common Stock on December 14, 2024.
Summary
- Mark T. Phelan, President of U.S. Gaming at Accel Entertainment, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On December 14, 2024, Phelan acquired 1,784 shares of Class A-1 Common Stock through the vesting of restricted stock units (RSUs).
- Also on December 14, 2024, Phelan disposed of 523 shares of Class A-1 Common Stock at a price of $1.77 per share.
- Following these transactions, Phelan directly owns 191,785 shares of Class A-1 Common Stock and 8,920 restricted stock units.
- The RSUs vest over time, with 1/4 vesting on March 14, 2023, and the remainder vesting quarterly, contingent on Phelan's continued employment.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, which is neither positive nor negative in itself.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
- The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units.
- The vesting schedule of the RSUs is a common method for aligning executive compensation with long-term company performance.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and trading activity.
Key Dates
| Date | Description |
|---|---|
| 12/14/2024 | Date of stock acquisition and disposal transactions. |
| 03/14/2023 | Initial vesting date for 1/4 of the restricted stock units. |
| 12/17/2024 | Date the Form 4 was signed. |
Keywords
Accel Entertainment, stock transaction, Form 4, beneficial ownership, restricted stock units, insider trading, equity securities, Class A-1 Common Stock
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