Mark T. Phelan - Mar 14, 2023 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
Chief Revenue Officer
Signature
/s/ Derek Harmer, Attorney-in-fact for Mark T. Phelan
Stock symbol
ACEL
Transactions as of
Mar 14, 2023
Transactions value $
-$17,167
Form type
4
Date filed
3/16/2023, 09:30 PM
Previous filing
Jan 18, 2023
Next filing
Apr 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACEL Class A-1 Common Stock Options Exercise $0 +7.14K +4.51% $0.00 165K Mar 14, 2023 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$17.2K -1.93K -1.17% $8.89 163K Mar 14, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ACEL Restricted Stock Unit (RSU) Options Exercise $0 -7.14K -25% $0.00 21.4K Mar 14, 2023 Class A-1 Common Stock 7.14K Direct F1, F2
transaction ACEL Restricted Stock Unit (RSU) Award $0 +31.6K $0.00 31.6K Mar 15, 2023 Class A-1 Common Stock 31.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 1/4 of the RSUs will vest on March 14, 2023, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.
F3 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.