Accel Entertainment, Inc.·4

Mar 23, 6:01 PM ET

Ruttenberg David W. 4

4 · Accel Entertainment, Inc. · Filed Mar 23, 2026

Research Summary

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Accel Entertainment (ACEL) Director David W. Ruttenberg Receives RSU Award

What Happened
David W. Ruttenberg, a director of Accel Entertainment, was granted two restricted stock unit (RSU) awards on March 19, 2026: 13,914 RSUs and 8,091 RSUs, for a total of 22,005 RSUs. Each RSU is a contingent right to receive one share of Class A-1 common stock upon settlement and the awards were reported at $0 (no purchase price). The RSUs are derivative awards (grant/award, transaction code A) and will vest 100% on December 31, 2026, subject to his continued service.

Key Details

  • Transaction date: 2026-03-19; price per RSU: $0.00 (award/derivative).
  • Total RSUs granted: 22,005 (13,914 + 8,091).
  • Vesting: 100% of the RSUs vest on December 31, 2026, contingent on continued service (per footnote F2).
  • Footnotes: F1—each RSU converts to 1 share on settlement for no consideration; F3—8,091 RSUs were granted pursuant to Ruttenberg’s election to defer cash compensation into RSUs.
  • Shares owned after transaction: not disclosed in this filing.
  • Filing timeliness: no late filing indicated in the provided report.

Context
RSU grants are compensation, not open-market purchases or sales, and require no immediate cash outlay by the director. They become actual shares only upon vesting/settlement (which can dilute existing holders once settled). The 8,091-RSU portion resulted from a deferral election (common practice for directors to defer fees into equity).

Insider Transaction Report

Form 4
Period: 2026-03-19
Transactions
  • Award

    Restricted Stock Unit (RSU)

    [F1][F2]
    2026-03-19+13,91413,914 total
    Class A-1 Common Stock (13,914 underlying)
  • Award

    Restricted Stock Units (RSU)

    [F1][F3]
    2026-03-19+8,0918,091 total
    Class A-1 Common Stock (8,091 underlying)
Footnotes (3)
  • [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]100% of the RSUs will vest on December 31, 2026, subject to the Reporting Person's continued service to the Issuer on the vesting date.
  • [F3]Represents RSUs granted pursuant to the Reporting Person's election to defer receipt of his or her annual cash retainer and chair and/or committee member fees in the form of RSUs. 100% of the RSUs will vest on December 31, 2026, subject to the Reporting Person's continued service to the Issuer on the vesting date.
Signature
/s/Derek Harmer, Attorney-in-fact for David W. Ruttenberg|2026-03-23

Documents

3 files
  • 4
    wk-form4_1774303261.xmlPrimary

    FORM 4

  • EX-24.RUTTENBERG2026

    EX-24.RUTTENBERG2026

  • GRAPHIC
    ruttenberg-section16poa_001.jpg