Philips Kathleen 4

What Happened
Kathleen Philips, a director of Accel Entertainment, was granted two restricted stock unit (RSU) awards on 2026-03-19 totaling 23,852 RSUs (13,914 RSUs and 9,938 RSUs). Each RSU is a contingent right to one share of the company’s Class A-1 common stock; the awards were recorded at $0 (no cash paid) and are derivative awards rather than open-market purchases.

Key Details

• Transaction date(s): March 19, 2026; Form filed March 23, 2026 (period of report 2026-03-19).
• Award amounts and price: 13,914 RSUs and 9,938 RSUs, acquisition price $0 (derivative awards). Total RSUs = 23,852.
• Vesting: 100% of the RSUs vest on December 31, 2026, subject to Philips’ continued service on that date (per footnotes).
• Special note: One grant (per footnote) represents RSUs issued in lieu of the director’s election to defer cash retainer and committee fees.
• Shares owned after transaction: Not reported in this filing.
• Timeliness: Filed four days after the transaction date; Form 4s are typically due within two business days—readers may review the filing for timeliness details.

Context
These are compensation awards (RSUs) for a director, not purchases or sales. RSUs represent a future right to receive shares if vesting conditions are met; they do not convey immediate share ownership or indicate an open‑market buy/sell. Such grants are commonly used for director compensation and should be interpreted as routine equity-based pay unless combined with other insider trades.