Accel Entertainment (ACEL) CCO sells 20K shares under 10b5-1 plan
Rhea-AI Filing Summary
Accel Entertainment Chief Compliance Officer Derek Harmer reported a mix of equity compensation events, tax withholdings, a planned share sale, and a small family gift. He exercised or converted restricted stock units into a total of 39,414 shares of Class A-1 Common Stock on March 14–15, 2026, with 11,550 shares withheld at $11.29 per share to cover tax obligations. Harmer also sold 20,000 shares at $11.39 per share in an open-market transaction made under a pre-arranged Rule 10b5-1 trading plan adopted on December 11, 2025. Following these transactions, he directly holds 179,963 shares of Class A-1 Common Stock and indirectly holds 1,100 shares through his son after gifting 1,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
Harmer Derek
Role
Chief Compliance Officer
Sold
20,000 shs ($228K)
Approx. gross sale proceeds
$228K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A-1 Common Stock | 1,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 7,728 | $0.00 | $0.00 |
| Exercise | Class A-1 Common Stock | 7,728 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A-1 Common Stock | 2,265 | $11.29 | $26K |
| Exercise | Restricted Stock Unit (RSU) | 23,037 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 1,846 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 6,803 | $0.00 | $0.00 |
| Exercise | Class A-1 Common Stock | 1,846 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A-1 Common Stock | 541 | $11.29 | $6K |
| Exercise | Class A-1 Common Stock | 6,803 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A-1 Common Stock | 1,994 | $11.29 | $23K |
| Exercise | Class A-1 Common Stock | 23,037 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A-1 Common Stock | 6,750 | $11.29 | $76K |
| Sale | Class A-1 Common Stock | 20,000 | $11.39 | $228K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 7,728 shares (Direct);
Class A-1 Common Stock — 207,827 shares (Direct);
Class A-1 Common Stock — 1,100 shares (Indirect, By son (M. Harmer))
Footnotes (6)
- F1. The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025. The 10b5-1 plan included a representation from the Reporting Person to the broker administering the plan that the Reporting Person was not in possession of any material nonpublic information regarding the Issuer or the securities subject to the plan. That representation was made as of the date of the adoption of the 10b5-1 plan, and speaks only as of that date. In making that representation, there is no assurance with respect to any material nonpublic information of which the Reporting Person was unaware, or with respect to any material nonpublic information acquired by the Reporting Person after the date of the representation.
- F2. The reported securities represent restricted stock units (RSUs) issued upon certification by the Compensation Committee of performance results for the Company's three-year performance stock unit (PSU) award covering the performance period ended December 31, 2025.
- F3. 100% of the RSUs will vest on March 14, 2026, subject to the Reporting Person's continued service to the Issuer on the vesting date.
- F4. 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.
- F5. 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.
- F6. 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
What insider transactions did ACEL’s Derek Harmer report on this Form 4?
Derek Harmer reported RSU exercises, tax withholdings, an open-market sale, and a gift. He converted 39,414 RSUs into Class A-1 shares, had 11,550 shares withheld for taxes, sold 20,000 shares, and gifted 1,000 shares to his son.
How many RSUs did ACEL’s Derek Harmer exercise in this filing?
Derek Harmer exercised or converted 39,414 restricted stock units. These RSUs related to multiple awards, including performance-based units for the three-year period ended December 31, 2025, each RSU representing one Class A-1 share upon settlement for no cash consideration.
What kind of equity awards did ACEL’s Derek Harmer receive or settle?
Harmer’s transactions involved restricted stock units tied to performance and time-based vesting. Footnotes describe RSUs issued after certification of three-year performance results and other RSU awards vesting on specific anniversary and quarterly schedules, all settling into Class A-1 shares for no cash payment.
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