Accel Entertainment (ACEL) CAO RSUs vest; shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Accel Entertainment Chief Accounting Officer Christen Kozlik reported routine equity compensation activity involving restricted stock units. On June 15, 2026, 1,875 RSUs converted into Class A-1 Common Stock, each RSU representing one share delivered for no cash consideration.
In connection with this vesting, 550 shares of Class A-1 Common Stock were disposed of at $13.13 per share to cover tax obligations, a tax-withholding disposition rather than an open-market sale. The remaining vested shares increased Kozlik’s direct stock ownership in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,875 shares exercised/converted
Mixed
3 txns
Insider
Kozlik Christen
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units (RSU) | 1,875 | $13.13 | $25K |
| Exercise | Class A-1 Common Stock | 1,875 | $0.00 | -- |
| Tax Withholding | Class A-1 Common Stock | 550 | $13.13 | $7K |
Holdings After Transaction:
Restricted Stock Units (RSU) — 5,625 shares (Direct, null);
Class A-1 Common Stock — 18,571 shares (Direct, null)
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.
Key Figures
RSUs converted: 1,875 units
Shares withheld for taxes: 550 shares
Tax withholding price: $13.13 per share
+2 more
5 metrics
RSUs converted
1,875 units
RSUs converting into Class A-1 Common Stock on June 15, 2026
Shares withheld for taxes
550 shares
Tax-withholding disposition related to RSU vesting
Tax withholding price
$13.13 per share
Value used for 550-share tax-withholding disposition
Transaction type
Exercise of derivative security (RSUs)
Code M transactions converting RSUs into common stock
Tax-withholding transaction
Code F disposition
Payment of tax liability by delivering 550 shares
Key Terms
Restricted Stock Units (RSU), tax-withholding disposition, derivative security, vesting
4 terms
Restricted Stock Units (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share..."
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"1/4 of the RSUs will vest on December 15, 2024, and the remainder will vest..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Accel Entertainment (ACEL) report for Christen Kozlik?
Accel Entertainment reported that Chief Accounting Officer Christen Kozlik had 1,875 restricted stock units convert into Class A-1 Common Stock. As part of this vesting event, a portion of the resulting shares was withheld to satisfy tax obligations rather than sold in the open market.
How many Accel Entertainment (ACEL) RSUs vested for Christen Kozlik and into what security?
A total of 1,875 restricted stock units vested for Christen Kozlik, each converting into one share of Accel Entertainment’s Class A-1 Common Stock. The RSUs settle for shares at no cash cost to Kozlik, reflecting compensation rather than a market purchase of stock.
What does the tax-withholding disposition in the Accel Entertainment (ACEL) Form 4 mean?
The tax-withholding disposition means the company withheld 550 shares at $13.13 per share to pay taxes owed when RSUs vested. Kozlik did not sell these shares in the market; they were retained by the issuer to satisfy tax obligations automatically.
What is the vesting schedule for Christen Kozlik’s Accel Entertainment (ACEL) RSUs?
The RSU award vests over time. One quarter of the restricted stock units vests on December 15, 2024, and the remaining units vest in eight equal quarterly installments afterward, contingent on Kozlik’s continued service with Accel Entertainment on each vesting date.