Accel Entertainment, Inc. SEC Filings

Accel Entertainment, Inc. has a new large shareholder disclosure. An institutional holder associated with CIBC Private Wealth Group LLC reported beneficial ownership of 4,659,695 shares of Accel Entertainment Class A common stock, representing 5.71% of the class. The reporting person, Mary Antunes, indicates sole voting and dispositive power over these shares, with no shared voting or dispositive authority. The filing also identifies CIBC National Trust Company as a related subsidiary in connection with the reported holdings.

Phelan Mark T. reported acquisition or exercise transactions in this Form 4 filing.

Accel Entertainment, Inc. reported that President and CEO Mark T. Phelan received a grant of 55,229 performance-based restricted stock units (PSUs). Each PSU represents a contingent right to receive one share of Class A-1 common stock for no consideration, subject to continued service through December 31, 2028 and achievement of specified share-price targets during a performance period from January 1, 2026 to December 31, 2028. The number of PSUs that ultimately vest may range from 0% to 300% of the target amount, or above 300% in the event of extraordinary performance.

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.

Accel Entertainment, Inc. reports a governance change in which its Board of Directors appointed Chief Executive Officer Mark Phelan as a 2027 Class director, effective August 7, 2026, with a term expiring at the 2027 Annual Meeting of Stockholders.

The company increased the size of the Board from 9 to 10 directors to accommodate this appointment. Phelan will not receive additional compensation for his director role and will continue under his existing compensation arrangements as Chief Executive Officer. The company states that his appointment is not pursuant to any arrangement or related-party transaction requiring disclosure under Item 404(a) of Regulation S-K.

Accel Entertainment, Inc. insider Andrew H. Rubenstein, CEO, President and over-10% owner, reported selling 15,000 shares of Class A-1 Common Stock on August 5, 2026 at a weighted average price of $12.6355 per share under a Rule 10b5-1 trading plan. Following the sale, he directly holds 3,857,943 shares.

ACEL insider Andrew Rubenstein filed to sell 115,000 shares of common stock through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of $1,430,600 as of the filing. The planned sale date is August 5, 2026.

The shares were originally acquired on December 18, 2009, bought pre-IPO and later converted to common shares at the 2019 IPO. In the past three months, Rubenstein sold 25,000 shares of common stock on June 1, 2026 for $302,210.

Accel Entertainment reported Q2 net revenues of $368.1 million, up from $335.9 million a year earlier, with net gaming revenue providing most of the increase. Net income was $12.5 million, compared with $7.3 million, and diluted earnings per share were $0.15, compared with $0.08.

For the first six months of 2026, net revenues were $719.7 million, up from $659.8 million, and net income was $27.2 million, compared with $21.9 million. Operating cash flow was $62.7 million. Cash and cash equivalents were $255.5 million as of June 30, 2026, and total borrowings were $577.5 million, including a $577.5 million term loan and no revolving credit facility balance.

Accel also completed three acquisitions in 2026: Green Valley for a total purchase price of $5.8 million, Rice Palace for $6.1 million, and Admira for $2.8 million. The company repurchased 1.6 million shares for $17.7 million during the first six months of 2026 and had 81,222,573 Class A-1 shares outstanding as of June 30, 2026.

Accel Entertainment reported quarterly record revenue of $368 million for the three months ended June 30, 2026, up 10% from Q2 2025. Net income was $13 million, a 72% increase, and Adjusted EBITDA rose 11% to $59 million.

The company ended Q2 with 4,676 locations and 29,281 gaming terminals, increases of 5.6% and 6.9% year over year, with notably higher location hold-per-day in Illinois, Nebraska and Georgia. Q2 operating cash flow was $20 million and free cash flow $10 million, aided by a tax credit purchase.

Accel held $255 million of cash and cash equivalents and net debt of $318 million as of June 30, 2026, implying net leverage of about 1.4x trailing twelve-month Adjusted EBITDA. The company repurchased approximately 500,000 shares for $5.6 million during the quarter.

Rubenstein Andrew H. reported disposition transactions in this Form 4 filing.

Accel Entertainment, Inc. filed an amendment stating that CEO and President Andrew H. Rubenstein’s 102,030 units that settled on March 14, 2026 were restricted stock units (RSUs), correcting an earlier description as performance-based RSUs. The RSUs were issued upon the Compensation Committee’s certification of three-year performance results for the period ended December 31, 2025 and will vest 100% on March 14, 2026, subject to his continued service.