Form 4: Accel Entertainment Executive Mark T. Phelan Reports Stock Transactions
SEC Form 4
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 March 14, 2024, Mark T. Phelan, President, U.S. Gaming at Accel Entertainment, engaged in multiple transactions involving Class A-1 Common Stock and Restricted Stock Units (RSUs).
- Phelan acquired 1,784 shares of Class A-1 Common Stock at $0 and disposed of 523 shares at $11.28.
- He also acquired 10,546 shares of Class A-1 Common Stock at $0 and disposed of 3,090 shares at $11.28.
- Following these transactions, Phelan directly owns 185,827 shares of Class A-1 Common Stock.
- Additionally, Phelan acquired 28,938 Restricted Stock Units (RSUs) on March 15, 2024.
- These RSUs vest over time, contingent on Phelan's continued service to Accel Entertainment.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing reporting stock transactions by an insider. There is no inherent positive or negative implication.
Positives
- The acquisition of RSUs indicates a continued alignment of Phelan's interests with the long-term success of Accel Entertainment.
Future Outlook
The vesting schedule of the RSUs is contingent upon the Reporting Person's continued service to the Issuer.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | 1/4 of the RSUs will vest |
| 03/14/2024 | Date of multiple transactions involving Class A-1 Common Stock and RSUs |
| 03/15/2024 | Date of acquisition of 28,938 Restricted Stock Units (RSUs) |
| 03/18/2024 | Date of report filing |
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