Form 4: Accel Entertainment Officer Converts, Sells Shares

Accel Entertainment's Chief Compliance Officer, Derek Harmer, converted restricted stock units and subsequently sold a portion of the resulting common stock.

Summary

• Derek Harmer, Chief Compliance Officer of Accel Entertainment, Inc., engaged in transactions involving Class A-1 Common Stock.
• On March 10, 2026, Harmer acquired 7,138 shares of Class A-1 Common Stock through the conversion of Restricted Stock Units (RSUs) at a price of $0.
• Following this acquisition, Harmer's direct beneficial ownership of Class A-1 Common Stock increased to 202,055 shares.
• On the same date, Harmer sold 2,092 shares of Class A-1 Common Stock at a price of $11.45 per share.
• After the sale, Harmer's direct beneficial ownership of Class A-1 Common Stock decreased to 199,963 shares.
• The RSU transaction involved the disposition of 7,138 derivative securities (RSUs) which converted into 7,138 shares of Class A-1 Common Stock.
• Harmer continues to beneficially own 14,276 Restricted Stock Units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine insider transaction involving the vesting and partial sale of equity compensation, which is common for executives.

Positives

• Conversion of 7,138 Restricted Stock Units into Class A-1 Common Stock at $0, indicating vesting and realization of equity compensation.
• Continued beneficial ownership of 14,276 Restricted Stock Units, demonstrating ongoing equity interest in the company.

Negatives

• Sale of 2,092 shares of Class A-1 Common Stock at $11.45, reducing direct beneficial ownership.

Future Outlook

The remaining 14,276 Restricted Stock Units held by Derek Harmer are subject to a vesting schedule where 1/3 of the shares underlying the RSUs will vest on each of the first three anniversaries of the grant date, contingent on continued service to the Issuer.

Industry Context

StockSavvy.ai notes that insider transactions, such as RSU conversions and subsequent sales, are common events for executives as part of their compensation plans and personal financial management. These transactions do not inherently signal a change in company fundamentals or industry trends but rather reflect individual executive activity.

Related Party Transactions

• Derek Harmer, Chief Compliance Officer, converted 7,138 Restricted Stock Units into Class A-1 Common Stock and subsequently sold 2,092 shares of Class A-1 Common Stock.

Stakeholder Impact

• Shareholders may observe a slight reduction in direct insider ownership due to the sale, but the overall impact is minimal given the routine nature of the transaction and continued RSU holdings.

Next Steps

• Continued vesting of the remaining 14,276 Restricted Stock Units on their respective anniversary dates, subject to Derek Harmer's continued service.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where an officer converted vested restricted stock units and subsequently sold a portion of the acquired shares. Such transactions are common for executive compensation and personal financial planning and do not typically indicate a fundamental shift in the company's prospects or warrant a change in investment thesis. The officer retains a significant equity stake, including unvested RSUs.

Keywords

Accel Entertainment, ACEL, Derek Harmer, Insider Trading, Form 4, Stock Sale, RSU Conversion, Equity Compensation, Chief Compliance Officer