Harmer Derek 4
4 · Accel Entertainment, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Accel (ACEL) CCO Derek Harmer Sells 20,000 Shares, Converts RSUs
What Happened
- Derek Harmer, Chief Compliance Officer of Accel Entertainment (ACEL), sold 20,000 shares in an open‑market transaction on 2026-03-13 for $11.39/share (proceeds $227,800). He also had multiple RSU/PSU conversions/exercises on 2026-03-14 and 2026-03-15 that resulted in the acquisition of 39,414 shares (acquired at $0 per share as settled RSUs). To cover tax liabilities related to those conversions, 11,550 shares were disposed at $11.29/share (total value $130,400). Additionally, Harmer gifted 1,000 shares on 2026-03-16. Net of conversions, sales, tax withholding and the gift, Harmer’s holdings increased by 6,864 shares; total cash proceeds reported from disposals equal $358,200 (open market + tax withholding sales).
Key Details
- Transaction dates and prices:
- Open‑market sale: 3/13/2026 — 20,000 shares @ $11.39 = $227,800 (S)
- RSU/PSU conversions: 3/14–3/15/2026 — 39,414 shares acquired @ $0 (M)
- Tax withholding disposals: 3/14–3/15/2026 — 11,550 shares @ $11.29 = $130,400 (F)
- Gift: 3/16/2026 — 1,000 shares (G)
- Shares owned after transaction: Not specified in this summary; see the Form 4 for reported post‑transaction holdings.
- Notable footnotes:
- Sales of shares were made pursuant to a Rule 10b5‑1 trading plan adopted 12/11/2025 (footnote F1).
- The acquired securities reflect RSUs/PSUs issued upon certification of performance results for the three‑year PSU award (footnotes F2–F4). Footnotes indicate vesting and settlement mechanics (100% vesting referenced for March 14, 2026).
- Tax‑related share disposals (F) represent shares withheld/sold to cover tax liabilities on vesting/settlement.
- Filing timeliness: Form filed 2026-03-16 covering transactions 3/13–3/16; no late‑filing indication is shown in the summary.
Context
- The conversions are RSU/PSU settlements (contingent awards that converted into shares upon certification/vesting), not option exercises requiring cash outlay. The acquired RSU shares were then partly used to satisfy tax withholding and partly retained or transferred (including a 1,000‑share gift).
- The 20,000‑share sale was executed under a pre‑established 10b5‑1 plan, which is a routine mechanism for scheduled insider selling and includes a representation at adoption that the seller was not aware of material nonpublic information (per footnote).
- Gifts and routine tax‑withholding sales are generally not interpreted as a direct bullish or bearish signal by themselves; purchases are typically more informative than sales. This filing shows net share accumulation (after conversions and disposals) of 6,864 shares for Harmer.
Insider Transaction Report
Form 4
Harmer Derek
Chief Compliance Officer
Transactions
- Sale
Class A-1 Common Stock
[F1]2026-03-13$11.39/sh−20,000$227,800→ 179,963 total - Exercise/Conversion
Class A-1 Common Stock
2026-03-14+1,846→ 181,809 total - Tax Payment
Class A-1 Common Stock
2026-03-14$11.29/sh−541$6,108→ 181,268 total - Exercise/Conversion
Class A-1 Common Stock
2026-03-14+6,803→ 188,071 total - Tax Payment
Class A-1 Common Stock
2026-03-14$11.29/sh−1,994$22,512→ 186,077 total - Exercise/Conversion
Class A-1 Common Stock
2026-03-14+23,037→ 209,114 total - Tax Payment
Class A-1 Common Stock
2026-03-14$11.29/sh−6,750$76,208→ 202,364 total - Exercise/Conversion
Class A-1 Common Stock
2026-03-15+7,728→ 210,092 total - Tax Payment
Class A-1 Common Stock
2026-03-15$11.29/sh−2,265$25,572→ 207,827 total - Gift
Class A-1 Common Stock
2026-03-16+1,000→ 1,100 total(indirect: By son (M. Harmer)) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F2][F3]2026-03-14−23,037→ 0 totalFrom: 2026-03-14→ Class A-1 Common Stock (23,037 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F4][F5]2026-03-14−1,846→ 0 total→ Class A-1 Common Stock (1,846 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F4][F6]2026-03-14−6,803→ 0 total→ Class A-1 Common Stock (6,803 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F4][F6]2026-03-15−7,728→ 7,728 total→ Class A-1 Common Stock (7,728 underlying)
Footnotes (6)
- [F1]The shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 11, 2025. The 10b5-1 plan included a representation from the Reporting Person to the broker administering the plan that the Reporting Person was not in possession of any material nonpublic information regarding the Issuer or the securities subject to the plan. That representation was made as of the date of the adoption of the 10b5-1 plan, and speaks only as of that date. In making that representation, there is no assurance with respect to any material nonpublic information of which the Reporting Person was unaware, or with respect to any material nonpublic information acquired by the Reporting Person after the date of the representation.
- [F2]The reported securities represent restricted stock units (RSUs) issued upon certification by the Compensation Committee of performance results for the Company's three-year performance stock unit (PSU) award covering the performance period ended December 31, 2025.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.
Signature
/s/ Derek Harmer|2026-03-16