Rubenstein Andrew H. 4
4 · Accel Entertainment, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Accel (ACEL) 10% Owner Andrew Rubenstein Exercises RSUs; 10.5k Shares Withheld
What Happened
Andrew H. Rubenstein, reported as a 10% owner of Accel Entertainment, had 29,345 restricted stock units (RSUs) convert into 29,345 shares on 2026-03-10 (conversion/exercise of a derivative at $0.00). To satisfy tax withholding obligations, 10,548 of those shares were withheld/disposed at $11.45 per share, totaling $120,775. The conversion itself required no cash payment by Rubenstein.
Key Details
- Transaction dates: conversion and tax-withholding occurred on 2026-03-10; Form 4 filed 2026-03-12 (timely filing).
- Conversion: 29,345 RSUs → 29,345 shares (code M, $0.00 per share).
- Tax withholding: 10,548 shares withheld/disposed (code F) at $11.45 each = $120,775.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 clarifies each RSU settles for 1 share with no cash consideration; F2 notes a 1/3 vesting schedule on each of the first three anniversaries of the grant date.
- Transaction codes explained: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to satisfy tax liability.
Context
This was an RSU settlement and routine tax withholding, not an open-market sale or cash purchase—common when equity awards vest. As a reported 10% owner, Rubenstein's activity is a beneficial-ownership disclosure rather than an indicative open-market trade.
Insider Transaction Report
- Exercise/Conversion
Class A-1 Common Stock
2026-03-10+29,345→ 3,918,166 total - Tax Payment
Class A-1 Common Stock
2026-03-10$11.45/sh−10,548$120,775→ 3,907,618 total - Exercise/Conversion
Restricted Stock Unit (RSU)
[F1][F2]2026-03-10−29,345→ 58,689 total→ Class A-1 Common Stock (29,345 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.