Accel officer exercises RSUs, sells 2,092 shares
Accel Entertainment, Inc. Chief Compliance Officer Derek Harmer reported an option-style RSU exercise paired with a small share sale.
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Rhea-AI Filing Summary
Accel Entertainment, Inc. Chief Compliance Officer Derek Harmer reported an option-style RSU exercise paired with a small share sale. He exercised 7,138 Restricted Stock Units into the same number of Class A-1 Common shares at $0.00 per share, then sold 2,092 Class A-1 shares at $11.45 per share. Following these transactions, he directly holds 199,963 Class A-1 Common shares. Each RSU represents a right to receive one share at no cost, with vesting in thirds on each of the first three anniversaries of the grant date, subject to continued service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 7,138 | $0.00 | $0.00 |
| Exercise | Class A-1 Common Stock | 7,138 | $0.00 | $0.00 |
| Sale | Class A-1 Common Stock | 2,092 | $11.45 | $24K |
Footnotes (2)
- F1. 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.
- F2. 1/3 of the shares underlying the RSUs will vest on each of the first three anniversaries of the grant date, in each case subject to the Reporting Person's continued service to the Issuer on each vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ACEL’s Derek Harmer report on this Form 4?
What RSU exercise did Derek Harmer complete in the Accel Entertainment filing?
How do Derek Harmer’s RSUs in Accel Entertainment vest over time?
Were any derivative positions left after Derek Harmer’s RSU exercise at Accel Entertainment?
AI-generated analysis. How Rhea-AI works. Not financial advice.