Accel Entertainment Insider Report: RSU Grant and 550-Share Sale by COO
Rhea-AI Filing Summary
Christen Kozlik, Accel Entertainment, Inc. Chief Accounting Officer and director, reported transactions dated 09/15/2025. The filing shows 1,875 RSUs granted (each RSU converts to one Class A-1 share on settlement for no consideration) and recorded as a transaction creating an additional 1,875 underlying shares. The filing also reports a disposition of 550 Class A-1 shares at $11.17 per share. After these transactions the reporting person's holdings are shown in the form as 7,734 shares (following the RSU acquisition) and 9,375 shares of Class A-1 common stock when counting derivative RSUs. The RSU grant vests: one-quarter on December 15, 2024 and the remainder in eight equal quarterly installments thereafter, subject to continued service. The form is signed by an attorney-in-fact on 09/16/2025.
Positive
- 1,875 RSUs granted aligns executive compensation with shareholder interests through service-based vesting
- Disclosure filed on Form 4 demonstrates compliance with insider reporting requirements
Negative
- 550 shares disposed at $11.17 reduces the reporting person's immediate ownership
- RSU vesting schedule extends over multiple quarters, delaying full alignment until vesting completion
Insights
TL;DR: Insider received RSUs and sold a small block of shares, indicating routine compensation vesting combined with partial monetization.
The 1,875 RSU grant is a compensation event that will convert to shares for no consideration upon settlement, increasing potential dilution modestly. The reported sale of 550 shares at $11.17 is a direct disposition reducing immediate beneficial ownership; the sale size appears small relative to total reported holdings but provides liquidity for the insider. Vesting terms (1/4 on December 15, 2024, remainder in eight quarterly installments) suggest a multi-quarter retention incentive tied to continued service. No additional material corporate actions, changes in control, or unusual derivative instruments are reported.
TL;DR: Routine equity compensation with standard vesting and a minor open-market sale; governance implications appear limited.
The disclosure documents standard RSU-based compensation, aligning the Chief Accounting Officer with shareholder interests while retaining service-based vesting conditions. The small disposition of 550 shares at $11.17 should be evaluated against any company trading plans but is reported on Form 4, indicating compliance with Section 16 reporting. No departures, related-party transactions, or accelerated vesting events are disclosed. Overall, the filing reflects typical executive compensation and liquidity activity rather than governance concerns.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 1,875 | $0.00 | -- |
| Exercise | Class A-1 Common Stock | 1,875 | $0.00 | -- |
| Tax Withholding | Class A-1 Common Stock | 550 | $11.17 | $6K |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A-1 Common Stock upon settlement for no consideration. 1/4 of the RSUs will vest on December 15, 2024, and the remainder will vest in eight equal quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.
