Accel Entertainment (NYSE: ACEL) CAO settles RSUs with 1,401 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Accel Entertainment Chief Accounting Officer Christen Kozlik settled restricted stock units into common shares in a routine compensation-related transaction. On March 10, 2026, 4,798 RSUs converted into an equal number of Class A-1 Common shares for no cash consideration. To satisfy tax obligations, 1,401 of these shares were delivered back at $11.45 per share, leaving Kozlik with 11,906 Class A-1 Common shares held directly and 9,597 RSUs outstanding that will vest over time, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,798 shares exercised/converted
Mixed
3 txns
Insider
Kozlik Christen
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 4,798 | $0.00 | -- |
| Exercise | Class A-1 Common Stock | 4,798 | $0.00 | -- |
| Tax Withholding | Class A-1 Common Stock | 1,401 | $11.45 | $16K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 9,597 shares (Direct);
Class A-1 Common Stock — 13,307 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. 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 transaction did Accel Entertainment (ACEL) report for Christen Kozlik?
Accel Entertainment reported that Chief Accounting Officer Christen Kozlik settled 4,798 restricted stock units into Class A-1 Common Stock. A portion of the resulting shares was delivered to cover tax obligations, reflecting routine equity compensation rather than an open-market stock purchase or sale.
What happened to Christen Kozlik’s Accel Entertainment restricted stock units (RSUs)?
4,798 RSUs converted into an equal number of Class A-1 Common shares with a transaction code M, signifying derivative exercise. After this settlement, 9,597 RSUs remained outstanding, scheduled to vest over time subject to Kozlik’s continued service with Accel Entertainment.
How were taxes handled in Christen Kozlik’s Accel Entertainment equity transaction?
Taxes were handled through a share delivery mechanism coded F, indicating tax-withholding disposition. Specifically, 1,401 shares of Class A-1 Common Stock were delivered at $11.45 per share to satisfy tax liabilities arising from the RSU settlement, rather than being sold on the open market.
Is Christen Kozlik’s Form 4 for Accel Entertainment an open-market stock sale?
The Form 4 does not show an open-market stock sale. It records RSU settlement (code M) into common shares and a tax-withholding disposition (code F), where shares were delivered to cover tax obligations, which differs from voluntarily selling shares on a public market.