Harmer Derek 4
Research Summary
AI-generated summary
Accel Entertainment (ACEL) CCO Derek Harmer Receives RSU Award
What Happened
Derek Harmer, Chief Compliance Officer of Accel Entertainment, was granted 42,085 restricted stock units (RSUs) on 2026-06-05. The grant is reported as a derivative award with an acquisition price of $0.00 — each RSU represents a contingent right to receive one share of Class A-1 Common Stock upon settlement. This is a compensation award (not an open-market purchase or sale).
Key Details
- Transaction date and type: 2026-06-05 — Grant/Award of 42,085 RSUs at $0.00 per RSU.
- Vesting: 1/3 of the RSUs vest on each of the first three anniversaries of February 25, 2026, subject to continued service (per footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timing: Form 4 filed 2026-06-09 reporting the 2026-06-05 grant (filed 4 days after the transaction; may exceed the typical 2-business-day Form 4 deadline).
- Footnotes: F1 — each RSU converts to 1 share on settlement for no consideration; F2 — 1/3 vests on each of the first three anniversaries of 2/25/2026, subject to continued service.
Context
This was a standard equity compensation award to an executive, which is common for retention and incentive purposes. RSU grants are not open-market purchases and should be viewed as part of compensation rather than a direct signal of personal buying or selling by the insider.