Harmer Derek 4
Research Summary
AI-generated summary
Accel Entertainment CCO Derek Harmer Sells 20,000 Shares
What Happened
- Derek Harmer, Chief Compliance Officer of Accel Entertainment, sold 20,000 shares of ACEL common stock in an open-market transaction on June 15, 2026.
- The shares were disposed at $13.00 per share for a total transaction value of $260,000.
- This was a sale (not a purchase); sales can be routine and are generally less indicative of positive insider conviction than purchases.
Key Details
- Transaction date: June 15, 2026; filing/report date: June 15, 2026 (Form 4 accession 0001794002-26-000010).
- Price: $13.00 per share; total proceeds: $260,000.
- Shares owned after transaction: Not specified in the information provided in this summary.
- Footnote: The sale was executed under a Rule 10b5-1 trading plan adopted by Harmer on December 13, 2024. The plan included a representation that he was not in possession of material nonpublic information as of the plan adoption date; that representation applies only as of that date.
- Transaction code: S (Sale).
Context
- A 10b5-1 plan allows insiders to sell shares according to a pre-established schedule or rules and can reduce the appearance that sales are based on inside information. The plan's adoption-date representation does not guarantee absence of any material nonpublic information acquired after that date.
- No indication from this filing alone of insider intent; investors typically weigh repeated or large insider purchases more heavily as bullish signals.