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Accel Entertainment (ACEL) CEO awarded 102,030 RSUs after performance test

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Accel Entertainment, Inc. reported that CEO, President and 10% owner Andrew H. Rubenstein acquired 102,030 restricted stock units (RSUs) on February 25, 2026. The award was issued after the Compensation Committee certified results for the three-year performance stock unit program covering the period ended December 31, 2025.

According to the filing, 100% of these RSUs will vest on March 14, 2026, as long as Rubenstein continues his service with the company through that vesting date.

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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*
Rubenstein Andrew H.

(Last) (First) (Middle)
C/O ACCEL ENTERTAINMENT, INC.
140 TOWER DRIVE

(Street)
BURR RIDGE IL 60527

(City) (State) (Zip)
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 X 10% Owner
X Officer (give title below) Other (specify below)
CEO and President
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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) 02/25/2026 A 102,030 03/14/2026 (2) Class A-1 Common Stock 102,030 $0 102,030 D
Explanation of Responses:
1. The reported securities represent restricted stock units issued upon certification by the Compensation Committee of performance results for the Company's three-year performance stock unit award covering the performance period ended December 31, 2025.
2. 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.
Remarks:
/s/ Derek Harmer, Attorney-in-Fact for Andrew Rubenstein 02/27/2026
** 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.

FAQ

What insider transaction did Accel Entertainment (ACEL) report for Andrew H. Rubenstein?

Accel Entertainment reported that CEO and President Andrew H. Rubenstein acquired 102,030 restricted stock units (RSUs). The RSUs were granted after the Compensation Committee certified performance results for a three-year performance stock unit award covering the period ended December 31, 2025.

How many RSUs did the Accel Entertainment (ACEL) CEO receive and on what date?

Andrew H. Rubenstein received 102,030 restricted stock units on February 25, 2026. These RSUs were issued as part of a performance-based stock unit program tied to results over a three-year performance period that concluded on December 31, 2025.

When do Andrew H. Rubenstein’s Accel Entertainment (ACEL) RSUs vest?

All of Andrew H. Rubenstein’s 102,030 RSUs will vest on March 14, 2026. Vesting is conditioned on his continued service to Accel Entertainment through that date, meaning he must remain in his role until the vesting date is reached.

What performance period is linked to the Accel Entertainment (ACEL) RSU grant?

The RSU grant is linked to a three-year performance stock unit award covering the period ended December 31, 2025. The Compensation Committee certified the performance results for that period before issuing 102,030 restricted stock units to Andrew H. Rubenstein.

Is the Accel Entertainment (ACEL) RSU grant to Andrew H. Rubenstein performance-based?

Yes, the RSU grant is performance-based. The 102,030 restricted stock units were issued after the Compensation Committee certified performance results for a three-year performance stock unit award, which measured company performance through December 31, 2025.

What is the vesting condition for the Accel Entertainment (ACEL) CEO’s RSUs?

The RSUs vest only if Andrew H. Rubenstein continues service with Accel Entertainment through March 14, 2026. The filing states that 100% of the 102,030 restricted stock units will vest on that date, subject to this continued service requirement.
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