Accel Entertainment (ACEL) awards new RSU and PSU grants to its CFO
Rhea-AI Filing Summary
Summerer Brett Andrew reported acquisition or exercise transactions in this Form 4 filing.
Accel Entertainment, Inc. granted Chief Financial Officer Brett Andrew Summerer 6,612 restricted stock units (RSUs) and 4,629 performance-based RSUs (PSUs), each representing a contingent right to one share of Class A-1 common stock for no consideration. Time-based RSUs vest in thirds on each of the first three anniversaries of February 25, 2026, subject to continued service. PSUs generally vest through December 31, 2028 based on continued service and share-price targets over a performance period from January 1, 2026 to December 31, 2028, with the number that vests ranging from 0% to 300% of the target amount, or more in the case of extraordinary performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Summerer Brett Andrew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-based Restricted Stock Unit (PSU) | 4,629 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit (RSU) | 6,612 | $0.00 | -- |
Holdings After Transaction:
Performance-based Restricted Stock Unit (PSU) — 4,629 shares (Direct);
Restricted Stock Unit (RSU) — 6,612 shares (Direct)
Footnotes (1)
- 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). Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A-1 common stock upon settlement for no consideration. 1/3 of the shares underlying the RSUs will generally vest on each of the first three anniversaries of February 25, 2026, in each case subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
RSUs granted: 6,612 units
PSUs granted: 4,629 units
Grant price per unit: 0.0000 per share
+3 more
6 metrics
RSUs granted
6,612 units
Restricted stock units granted to CFO Brett Andrew Summerer on July 11, 2026
PSUs granted
4,629 units
Performance-based restricted stock units granted to CFO on July 11, 2026
Grant price per unit
0.0000 per share
Each RSU and PSU settles into one share of Class A-1 common stock for no consideration
Time-based RSU vesting
3 equal annual installments
One-third vests on each of the first three anniversaries of February 25, 2026, subject to continued service
PSU performance period
January 1, 2026 to December 31, 2028
Three-year performance period over which Class A-1 share-price targets are measured
PSU payout range
0% to 300% of the target number
Range of PSUs that may ultimately vest, with potential for more than 300% on extraordinary performance
Key Terms
Restricted Stock Unit ("RSU"), performance-based restricted stock unit ("PSU"), contingent right, performance period
4 terms
Restricted Stock Unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
performance-based restricted stock unit ("PSU") financial
"Each performance-based restricted stock unit ("PSU") represents the contingent right to receive"
contingent right financial
"represents a contingent right to receive one share of the Issuer's Class A-1"
performance period financial
"during the three-year performance period running January 1, 2026 through December 31, 2028"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Accel Entertainment (ACEL) grant to its CFO?
Accel Entertainment granted CFO Brett Andrew Summerer 6,612 RSUs and 4,629 performance-based RSUs (PSUs). Each unit is a contingent right to one share of Class A-1 common stock, delivered for no consideration if vesting conditions are met.
How do the performance-based RSUs for ACEL's CFO vest?
The PSUs generally vest through December 31, 2028, based on continued service and Class A-1 share-price targets. The applicable performance period runs from January 1, 2026 to December 31, 2028, and the payout may range from 0% to 300% of target, or higher for extraordinary performance.
What is the vesting schedule for the time-based RSUs granted by ACEL?
For the RSUs, one-third of the shares generally vest on each of the first three anniversaries of February 25, 2026. Vesting occurs only if Brett Andrew Summerer continues to serve Accel Entertainment on each applicable vesting date.
What stock does each RSU or PSU convert into for Accel Entertainment (ACEL)?
Each RSU and PSU represents a contingent right to receive one share of Accel Entertainment's Class A-1 common stock upon settlement for no consideration, assuming the applicable time-based or performance-based vesting conditions are satisfied.
Can the number of PSUs earned by the ACEL CFO exceed the target amount?
Yes. The number of PSUs that ultimately vest may range from 0% to 300% of the target number, and the award can exceed 300% of target in the event of extraordinary performance under the defined share-price conditions.