Accel Entertainment (ACEL) director granted RSUs and defers cash fees

Rhea-AI Filing Summary

Philips Kathleen reported acquisition or exercise transactions in this Form 4 filing.

Accel Entertainment director Kathleen Philips received two grants of restricted stock units (RSUs) on Class A-1 Common Stock. The grants cover 13,914 and 9,938 RSUs, each representing a right to receive one share for no cash consideration upon settlement.

All of these RSUs are scheduled to vest on December 31, 2026, provided she continues serving the company through that date. A portion of the grant reflects her election to defer her annual cash retainer and committee fees into RSUs, aligning part of her board compensation with future equity in the business.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Philips Kathleen

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit (RSU)	13,914	$0.00	--
Grant/Award	Restricted Stock Units (RSU)	9,938	$0.00	--

Holdings After Transaction: Restricted Stock Unit (RSU) — 13,914 shares (Direct); Restricted Stock Units (RSU) — 9,938 shares (Direct)

Footnotes (1)

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. 100% of the RSUs will vest on December 31, 2026, subject to the Reporting Person's continued service to the Issuer on the vesting date. Represents RSUs granted pursuant to the Reporting Person's election to defer receipt of his or her annual cash retainer and chair and/or committee member fees in the form of RSUs. 100% of the RSUs will vest on December 31, 2026, subject to the Reporting Person's continued service to the Issuer on the vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Philips Kathleen

(Last) (First) (Middle)

256 30TH AVENUE

(Street)

SAN FRANCISCO CALIFORNIA 94121

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Accel Entertainment, Inc. [ ACEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit (RSU)	(1)	03/19/2026		A		13,914		(2)	(2)	Class A-1 Common Stock	13,914	$0	13,914	D
Restricted Stock Units (RSU)	(1)	03/19/2026		A		9,938		(3)	(3)	Class A-1 Common Stock	9,938	$0	9,938	D

Explanation of Responses:

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.

2. 100% of the RSUs will vest on December 31, 2026, subject to the Reporting Person's continued service to the Issuer on the vesting date.

3. Represents RSUs granted pursuant to the Reporting Person's election to defer receipt of his or her annual cash retainer and chair and/or committee member fees in the form of RSUs. 100% of the RSUs will vest on December 31, 2026, subject to the Reporting Person's continued service to the Issuer on the vesting date.

Remarks:

	/s/ Derek Harmer, Attorney-in-Fact for Kathleen Philips	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Accel Entertainment (ACEL) director Kathleen Philips report in this Form 4?

Kathleen Philips reported receiving two grants of restricted stock units tied to Accel Entertainment’s Class A-1 Common Stock. The awards are compensation-related and do not involve open-market buying or selling of shares.

How many RSUs did Kathleen Philips receive from Accel Entertainment (ACEL)?

She received two RSU grants: one for 13,914 units and another for 9,938 units. Each restricted stock unit represents the right to receive one share of Class A-1 Common Stock at settlement without paying cash.

When do Kathleen Philips’ Accel Entertainment (ACEL) RSUs vest?

All the reported restricted stock units are scheduled to vest on December 31, 2026. Vesting is contingent on her continued service to Accel Entertainment through that vesting date, according to the award terms.

Are Kathleen Philips’ RSU grants from Accel Entertainment (ACEL) tied to cash compensation?

Yes. One of the RSU grants reflects her decision to defer her annual cash retainer and chair or committee member fees into RSUs. This converts part of her board cash compensation into future equity-based awards.

Do Kathleen Philips’ Accel Entertainment (ACEL) RSUs require any purchase price?

No. Each restricted stock unit represents a contingent right to receive one share of Class A-1 Common Stock for no consideration. She is not paying a purchase price when the RSUs settle into shares.