[Form 4] Accel Entertainment, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Accel Entertainment CEO and President Andrew H. Rubenstein reported a mix of equity award settlements, tax withholdings, a gift, and a modest share sale. On March 14–15, he exercised performance-based and time-based restricted stock units into a total of 165,955 shares of Class A-1 common stock. To cover tax obligations, the issuer withheld 70,080 shares at prices referenced at $11.29 per share. On March 16, Rubenstein made an open-market sale of 36,062 shares at a weighted average price of $11.2149 per share, with individual trades ranging from $11.13 to $11.39, and also completed a bona fide gift of 7,125 shares. After these transactions, he directly holds 3,960,306 shares of Class A-1 common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 36,062 shares ($404,432)
Net Sell
14 txns
Insider
Rubenstein Andrew H.
Role
CEO and President
Sold
36,062 shs ($404K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A-1 Common Stock | 7,125 | $0.00 | -- |
| Sale | Class A-1 Common Stock | 36,062 | $11.2149 | $404K |
| Exercise | Restricted Stock Unit (RSU) | 26,835 | $0.00 | -- |
| Exercise | Class A-1 Common Stock | 26,835 | $0.00 | -- |
| Tax Withholding | Class A-1 Common Stock | 11,701 | $11.29 | $132K |
| Exercise | Performance-based Restricted Stock Unit (PSU) | 102,030 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 30,132 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 6,958 | $0.00 | -- |
| Exercise | Class A-1 Common Stock | 102,030 | $0.00 | -- |
| Tax Withholding | Class A-1 Common Stock | 44,486 | $11.29 | $502K |
| Exercise | Class A-1 Common Stock | 6,958 | $0.00 | -- |
| Tax Withholding | Class A-1 Common Stock | 1,990 | $11.29 | $22K |
| Exercise | Class A-1 Common Stock | 30,132 | $0.00 | -- |
| Tax Withholding | Class A-1 Common Stock | 11,903 | $11.29 | $134K |
Holdings After Transaction:
Class A-1 Common Stock — 3,996,368 shares (Direct);
Restricted Stock Unit (RSU) — 26,835 shares (Direct);
Performance-based Restricted Stock Unit (PSU) — 418,217 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.13 to $11.39, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. 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 vest subject to the Reporting Person's continued service to the Issuer through April 27, 2026 and the Issuer's Class A-1 common stock achieving specified price per share targets. 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. 1/3 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. 1/4 of the RSUs will vest on March 14, 2023, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.
