Accel Entertainment (ACEL) director granted RSUs and defers cash fees
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
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)
- 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.
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.