Karl Peterson receives 26,808 RSU equity award at Accel Entertainment (ACEL)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Peterson Karl Mr. reported acquisition or exercise transactions in this Form 4 filing.
Accel Entertainment director Karl Peterson received a grant of 26,808 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A-1 Common Stock for no cash consideration upon settlement.
All 26,808 RSUs will vest on December 31, 2026, provided he continues serving the company through that date. After this award, he is reported as directly holding 26,808 RSUs. This is a compensation-related equity grant rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Peterson Karl Mr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) | 26,808 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 26,808 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.
FAQ
What insider transaction did Accel Entertainment (ACEL) report for Karl Peterson?
Accel Entertainment reported that director Karl Peterson received a grant of 26,808 restricted stock units. These RSUs are a form of equity compensation and do not involve any cash purchase in the market, distinguishing them from open-market insider buying or selling activity.
How many Accel Entertainment (ACEL) RSUs did Karl Peterson receive and at what cost?
Karl Peterson received 26,808 restricted stock units tied to Accel Entertainment Class A-1 Common Stock. The RSUs were granted at no cash cost to him, reflecting a stock-based compensation award rather than a traditional share purchase at a specified market price per share.
When do Karl Peterson’s Accel Entertainment (ACEL) RSUs vest?
All of Karl Peterson’s 26,808 restricted stock units vest on December 31, 2026. Vesting is conditioned on his continued service with Accel Entertainment through that date, so the shares are not deliverable until then, assuming the service requirement is satisfied in full.
What does each Accel Entertainment (ACEL) RSU granted to Karl Peterson represent?
Each restricted stock unit granted to Karl Peterson represents a contingent right to receive one share of Accel Entertainment’s Class A-1 Common Stock. The units settle for no cash consideration upon vesting and settlement, meaning shares are delivered without additional payment at that time.
Is Karl Peterson’s Accel Entertainment (ACEL) RSU grant an open-market stock purchase?
No, Karl Peterson’s transaction is an equity compensation grant, not an open-market stock purchase. The 26,808 RSUs were awarded at zero price per unit and will convert into Class A-1 Common Stock only upon vesting and settlement, subject to his continued service.
How many Accel Entertainment (ACEL) RSUs does Karl Peterson hold after this grant?
Following this transaction, Karl Peterson is reported as directly holding 26,808 restricted stock units. These RSUs correspond to an equal number of potential shares of Class A-1 Common Stock, which may be delivered after the units vest on December 31, 2026, assuming conditions are met.