Form 4: Accel Entertainment Executive Mark T. Phelan Reports Stock Transactions

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 and 15, 2025, 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).
• These transactions included the acquisition of shares through the vesting of RSUs and the disposal of shares to cover tax obligations.
• Specifically, on March 14, 2025, 1,784 and 10,546 shares were acquired through RSU vesting, while 523 and 3,090 shares were disposed of to satisfy tax withholding at a price of $9.82.
• On March 15, 2025, 9,646 shares were acquired through RSU vesting, and 2,827 shares were disposed of at $9.82 for tax purposes.
• Following these transactions, Phelan directly owns 214,515 shares of Class A-1 Common Stock and 19,292 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with neutral sentiment.

Positives

• The vesting of RSUs indicates a continued alignment of the executive's interests with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include RSUs to align management's interests with shareholder value.
• The vesting schedules and tax withholding practices observed in this filing are typical for RSU grants in publicly traded companies.
• Comparable companies in the gaming and entertainment sector also utilize RSUs as part of their executive compensation strategy.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates