Accel Entertainment (ACEL) director receives restricted stock unit grants

Rhea-AI Filing Summary

Kondra Cheryl reported acquisition or exercise transactions in this Form 4 filing.

Accel Entertainment director Cheryl Kondra reported receiving restricted stock units as equity compensation. On March 19, 2026, she was granted 13,914 RSUs and 9,498 RSUs, each representing a contingent right to receive one share of Class A‑1 Common Stock for no cash consideration.

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 represents her election to defer her annual cash retainer and chair or committee fees into RSUs instead of cash.

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

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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^*

Kondra Cheryl

(Last) (First) (Middle)

140 TOWER DRIVE

(Street)

BURR RIDGE ILLINOIS 60527

(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		9,498		(3)	(3)	Class A-1 Common Stock	9,498	$0	9,498	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 Cheryl Kondra	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 insider transaction did Accel Entertainment (ACEL) report for Cheryl Kondra?

Accel Entertainment director Cheryl Kondra reported receiving two grants of restricted stock units. These RSUs are derivative equity awards that give her the right to receive shares of Class A-1 Common Stock in the future, subject to vesting conditions tied to continued service.

How many restricted stock units did Cheryl Kondra receive in this Accel Entertainment Form 4?

Cheryl Kondra received 13,914 restricted stock units in one grant and 9,498 restricted stock units in another. Each RSU represents a contingent right to receive one share of Accel Entertainment’s Class A-1 Common Stock when settled, with no cash consideration required at settlement.

When do Cheryl Kondra’s Accel Entertainment RSU awards reported on Form 4 vest?

All of Cheryl Kondra’s reported restricted stock units are scheduled to vest on December 31, 2026. Vesting is conditioned on her continued service to Accel Entertainment through that date, meaning she must remain in her director role until then for the RSUs to vest.

Are Cheryl Kondra’s Accel Entertainment RSU grants open-market stock purchases or sales?

These RSU transactions are not open-market stock purchases or sales. They are equity compensation awards, reported with transaction code A for grant or award acquisition, giving Kondra rights to future shares rather than reflecting immediate buying or selling activity in the market.

Why did part of Cheryl Kondra’s Accel Entertainment compensation appear as RSUs instead of cash?

Part of the RSUs represent Cheryl Kondra’s election to defer her annual cash retainer and any chair or committee member fees into restricted stock units. This converts cash compensation into equity-based compensation, aligning a portion of her director pay with Accel Entertainment’s stock performance.

What class of stock underlies Cheryl Kondra’s Accel Entertainment RSU awards?

The RSU awards reported for Cheryl Kondra are each linked to Accel Entertainment’s Class A-1 Common Stock. Every restricted stock unit represents a contingent right to receive one share of this Class A-1 Common Stock when the units settle after vesting conditions are satisfied.