Phelan Mark T. 4
4 · Accel Entertainment, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Accel (ACEL) COO Mark Phelan Receives RSUs, Sells Shares for Taxes
What Happened Mark T. Phelan, Accel Entertainment's COO and President, U.S. Gaming, had a performance-based RSU award settle in mid‑March 2026. A total of 57,686 restricted stock units converted into shares (reported as derivative exercises/conversions at $0). To satisfy tax withholding obligations, 16,904 shares were withheld/disposed at $11.29 per share, generating roughly $190,847 in value. These transactions were recorded on March 14–15, 2026.
Key Details
- Transaction dates: March 14–15, 2026. Filing date: March 16, 2026 (filed promptly after the vesting dates).
- RSUs settled (acquired): 57,686 shares (conversion reported at $0 per share).
- Shares withheld/disposed for taxes: 16,904 shares at $11.29 each, total ≈ $190,847.
- Net shares received after withholding: 40,782 shares (57,686 − 16,904).
- Relevant footnotes: F1–F3 indicate these were RSUs issued upon certification of a three‑year PSU (performance period ended 12/31/2025), 100% of the reported RSUs vest on March 14, 2026 (subject to continued service), and each RSU converts to one share for no consideration.
- Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = payment of exercise price or tax liability (shares withheld).
- No late filing flagged (reported period 3/14/2026, Form filed 3/16/2026).
Context This was a settlement of performance-based RSUs (not an open‑market investment decision). The disposals reflect tax withholding to satisfy payroll/tax obligations — a routine administrative step common when equity awards vest. The filing does not, by itself, indicate a discretionary buy or sell of the company stock beyond the tax withholding.
Insider Transaction Report
- Exercise/Conversion
Class A-1 Common Stock
2026-03-14+1,784→ 227,466 total - Tax Payment
Class A-1 Common Stock
2026-03-14$11.29/sh−523$5,905→ 226,943 total - Exercise/Conversion
Class A-1 Common Stock
2026-03-14+10,546→ 237,489 total - Tax Payment
Class A-1 Common Stock
2026-03-14$11.29/sh−3,090$34,886→ 234,399 total - Exercise/Conversion
Class A-1 Common Stock
2026-03-14+35,710→ 270,109 total - Tax Payment
Class A-1 Common Stock
2026-03-14$11.29/sh−10,464$118,139→ 259,645 total - Exercise/Conversion
Class A-1 Common Stock
2026-03-15+9,646→ 269,291 total - Tax Payment
Class A-1 Common Stock
2026-03-15$11.29/sh−2,827$31,917→ 266,464 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F2]2026-03-14−35,710→ 0 totalFrom: 2026-03-14→ Class A-1 Common Stock (35,710 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F3][F4]2026-03-14−1,784→ 0 total→ Class A-1 Common Stock (1,784 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F3][F5]2026-03-14−10,546→ 0 total→ Class A-1 Common Stock (10,546 underlying) - Exercise/Conversion
Restricted Stock Unit (RSU)
[F3][F5]2026-03-15−9,646→ 9,646 total→ Class A-1 Common Stock (9,646 underlying)
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.