Accel Entertainment (ACEL) updates Rubenstein PSU vesting and new RSU grant
Rhea-AI Filing Summary
Accel Entertainment, Inc. reported several equity award changes for Chairman and 10% owner Andrew H. Rubenstein. On August 7, 2026, performance-based restricted stock units (PSUs) tied to share-price targets partially vested, with 346,831 PSUs settling into the same number of Class A-1 common shares, while 173,416 PSUs were forfeited because a higher stock-price target was not achieved. In connection with this vesting, 151,219 shares of Class A-1 common stock were delivered or withheld for payment of exercise price or tax liability. Separately, on August 10, 2026, Rubenstein received a grant of 335,516 restricted stock units (RSUs), which generally vest in twelve equal quarterly installments, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 195,612 shares
Net Buy
5 txns
Insider
Rubenstein Andrew H.
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit (RSU) F5, F6 | 335,516 | $0.00 | $0.00 |
| Exercise | Performance-based Restricted Stock Unit (PSU) F1, F2, F3 | 346,831 | $0.00 | $0.00 |
| Disposition | Performance-based Restricted Stock Unit (PSU) F1, F4, F3 | 173,416 | $0.00 | $0.00 |
| Exercise | Class A-1 Common Stock | 346,831 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A-1 Common Stock | 151,219 | $12.16 | $1.84M |
Holdings After Transaction:
Performance-based Restricted Stock Unit (PSU) — 0 shares (Direct);
Restricted Stock Unit (RSU) — 335,516 shares (Direct);
Class A-1 Common Stock — 4,053,555 shares (Direct)
Footnotes (6)
- F1. Each performance-based restricted stock unit ("PSU") represents the contingent right to receive one share of the Issuer's Class A-1 common stock upon settlement for no consideration. The PSUs vest subject to the Reporting Person's continued service to the Issuer through August 7, 2026 and the Issuer's Class A-1 common stock achieving specified price per share targets.
- F2. As of the August 7, 2026 vesting date, two of the three specified stock-price targets ($12.00 and $12.50) had been achieved. Accordingly, two-thirds of the PSUs (346,831 PSUs) vested and settled into 346,831 shares of Class A-1 common stock.
- F3. The PSUs were granted on April 27, 2023 and were originally scheduled to vest subject to the Reporting Person's continued service to the Issuer through April 27, 2026 and the Issuer's Class A-1 common stock achieving three specified price-per-share targets, on a volume weighted average trading price basis over a 20-day trading period. In connection with the Reporting Person's transition from Chief Executive Officer to Chairman, the vesting date was subsequently extended from April 27, 2026 to August 7, 2026 pursuant to action taken by the Issuer's Compensation Committee.
- F4. Because the third specified stock-price target ($13.00) was not achieved as of the August 7, 2026 vesting date, the remaining one-third of the PSUs (173,416 PSUs) were cancelled and forfeited for no consideration.
- F5. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A-1 common stock upon settlement for no consideration.
- F6. 1/12 of the shares underlying the RSUs will generally vest on a quarterly basis starting on the 3-month anniversary of the grant date, in each case subject to the Reporting Person's continued service with the Company on each such vesting date.
Key Figures
PSUs vested and settled: 346,831 shares
PSUs forfeited: 173,416 PSUs
Shares used for exercise price or tax liability: 151,219 shares at $12.16
+2 more
5 metrics
PSUs vested and settled
346,831 shares
Two-thirds of performance-based RSUs vested on August 7, 2026 when price targets of $12.00 and $12.50 were met
PSUs forfeited
173,416 PSUs
Cancelled and forfeited for no consideration because the $13.00 stock-price target was not achieved by August 7, 2026
Shares used for exercise price or tax liability
151,219 shares at $12.16
Class A-1 common stock delivered or withheld in connection with the PSU-related equity event
New RSU grant
335,516 RSUs
Restricted stock units granted on August 10, 2026, vesting in 12 quarterly installments subject to continued service
PSU vesting end date
August 7, 2026
Final vesting date for the performance-based RSUs after extension from April 27, 2026
Key Terms
Performance-based Restricted Stock Unit (PSU), Restricted Stock Unit (RSU), volume weighted average trading price, vesting date, +1 more
5 terms
Performance-based Restricted Stock Unit (PSU) financial
"Each performance-based restricted stock unit ("PSU") represents the contingent right"
Restricted Stock Unit (RSU) financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
volume weighted average trading price financial
"price-per-share targets, on a volume weighted average trading price basis"
Volume weighted average trading price (VWAP) is the average price of a security over a set period, calculated by giving more weight to prices where more shares were traded — in other words, prices with higher volume count more. Investors use VWAP as a benchmark to judge trade execution and market activity: it helps tell whether a buy or sell occurred at a better or worse price than the market’s typical traded level, like comparing your purchase to the crowd’s average.
vesting date financial
"As of the August 7, 2026 vesting date, two of the three specified"
payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
What equity awards vested for Andrew Rubenstein in ACEL’s latest Form 4?
On August 7, 2026, 346,831 performance-based RSUs for Andrew H. Rubenstein vested and settled into the same number of Class A-1 common shares after two stock-price targets were achieved.
How many Accel Entertainment (ACEL) PSUs were forfeited in this Form 4?
The filing shows 173,416 performance-based RSUs were cancelled and forfeited for no consideration because a third stock-price target of $13.00 per share was not achieved by August 7, 2026.
What new RSU grant did Andrew Rubenstein receive from ACEL?
On August 10, 2026, Andrew H. Rubenstein received a grant of 335,516 RSUs, each representing one share of Class A-1 common stock, vesting in twelve quarterly installments subject to continued service.
How are ACEL’s performance-based RSUs structured for Andrew Rubenstein?
Each PSU gives the right to one Class A-1 share if service continues through August 7, 2026 and specified share-price targets are met, measured using a 20-day volume weighted average trading price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
