Accel CCO Derek Harmer Receives 13,333 Shares (RSU Vesting)

What Happened
Derek Harmer, Chief Compliance Officer of Accel Entertainment (ACEL), had 13,333 restricted stock units (RSUs convertibles to Class A-1 common shares) settle on July 15, 2026. The RSUs converted for no cash consideration; 3,907 of the settled shares were withheld to cover tax withholding (valued at $12.31 per share, $48,095), leaving a net 9,426 shares delivered to Harmer.

Key Details

• Transaction date: July 15, 2026. Filing date: July 21, 2026 (filed late vs. the usual 2-business-day Form 4 deadline).
• Primary actions reported: conversion/exercise of derivative (code M) for 13,333 shares; share withholding for tax liability (code F) of 3,907 shares at $12.31 each, totaling $48,095.
• Net shares received: 13,333 settled − 3,907 withheld = 9,426 shares delivered.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1—each RSU converts 1-for-1 into a share upon settlement for no consideration; F2—RSUs vest 1/3 on each of the first three anniversaries of the grant date (this appears to be a scheduled vesting event).

Context

• This was an RSU settlement (award vesting) rather than an open-market purchase or discretionary sale. The withholding of shares to cover taxes is a routine administrative step and not a market sale decision by the insider.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion here); F = disposition to satisfy tax withholding.
• Because the Form 4 was filed on July 21 for a July 15 event, the filing missed the typical 2-business-day SEC deadline; late filings can reduce timeliness for investors tracking insider activity.