Accel Entertainment grants 55,229 PSUs to CEO
Phelan Mark T. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Phelan Mark T. reported acquisition or exercise transactions in this Form 4 filing.
Accel Entertainment, Inc. reported that President and CEO Mark T. Phelan received a grant of 55,229 performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A-1 common stock for no consideration, subject to continued service through December 31, 2028 and achievement of specified share-price targets during a performance period from January 1, 2026 to December 31, 2028. The number of PSUs that ultimately vest may range from 0% to 300% of the target amount, or above 300% in the event of extraordinary performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Unit (PSU) F1 | 55,229 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each performance-based restricted stock unit ("PSU") represents the contingent right to receive one share of the Issuer's Class A-1 common stock upon settlement for no consideration. The PSUs generally vest subject to the Reporting Person's continued service to the Issuer through December 31, 2028 and the Issuer's Class A-1 common stock achieving specified price per share targets during the three-year performance period running January 1, 2026 through December 31, 2028. The number of PSUs that ultimately vest may range from 0% to 300% of the target number reported here (or greater than 300% in the event of extraordinary performance).
Key Figures
Key Terms
Performance-based Restricted Stock Unit (PSU) financial
contingent right financial
performance period financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Accel Entertainment (ACEL) disclose about CEO Mark Phelan in this Form 4?
How many PSUs were granted to the ACEL CEO and what do they represent?
What are the vesting conditions for the ACEL CEO’s 55,229 PSUs?
What is the performance period for the Accel Entertainment (ACEL) PSU award?
How much of the ACEL CEO’s PSU award can ultimately vest?
What is the ownership status after the ACEL PSU grant to the CEO?
AI-generated analysis. How Rhea-AI works. Not financial advice.