Form 4: Accel Entertainment Executive Mark T. Phelan Reports Stock Transactions
SEC Form 4 Filing
Mark T. Phelan, President, U.S. Gaming at Accel Entertainment, reports acquisition and disposal of Class A-1 Common Stock and Restricted Stock Units.
Summary
- On July 13, 2024, Mark T. Phelan, President, U.S. Gaming at Accel Entertainment, reported transactions involving Class A-1 Common Stock and Restricted Stock Units (RSUs).
- Phelan acquired 1,019 shares of Class A-1 Common Stock through the vesting of RSUs.
- Phelan disposed of 299 shares of Class A-1 Common Stock at a price of $10.37.
- Following these transactions, Phelan directly owns 188,527 shares of Class A-1 Common Stock.
- The reported RSUs represent a contingent right to receive Class A-1 Common Stock, vesting in installments subject to continued service.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It is a standard practice in publicly traded companies.
Stakeholder Impact
- Shareholders are informed about insider trading activities, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 07/13/2024 | Date of stock transactions (acquisition and disposal of shares and vesting of RSUs) |
| 07/16/2024 | Date of signature for the Form 4 filing |
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