Phelan Mark T. 4

What Happened

• Mark T. Phelan, COO and President, U.S. Gaming of Accel Entertainment (ACEL), was granted 35,710 restricted stock units (RSUs) on February 25, 2026. The Form 4 reports an acquisition at $0.00 because this was an award/derivative grant, not an open-market purchase. The RSUs were issued upon certification of the company’s three-year performance stock unit award for the period ending December 31, 2025 and are scheduled to vest in full on March 14, 2026, subject to Phelan’s continued service.

Key Details

• Transaction date: 2026-02-25 (reported on Form 4 filed 2026-02-27).
• Transaction type/code: Award/Grant (A); 35,710 RSUs; reported price $0.00 (derivative award).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — RSUs issued upon Compensation Committee certification of the 3-year PSU performance results (performance period ended 12/31/2025). F2 — 100% of RSUs vest 3/14/2026, contingent on continued service.
• Filing timeliness: Form 4 was filed two days after the transaction date; this appears timely (Form 4s are generally due within two business days).

Context

• These RSUs are a performance-based equity award that convert to shares only upon vesting; they do not represent an immediate cash purchase or sale. Such grants are common executive compensation and do not by themselves indicate the insider buying or selling stock in the open market. Purchases tend to be more directly interpreted as bullish signals; awards reflect compensation tied to company performance and service conditions.