Phelan Mark T. 4

What Happened
Mark T. Phelan, COO and President of U.S. Gaming at Accel Entertainment (ACEL), had 10,445 restricted stock units (RSUs) settled/converted into 10,445 shares on March 10, 2026. No cash was paid to receive these shares (exercise/conversion at $0.00). To satisfy tax withholding, 3,061 of the newly issued shares were withheld/disposed at $11.45 per share, totaling $35,048.

Key Details

• Transaction date: 2026-03-10; filing date: 2026-03-12 (filed promptly).
• Conversion/settlement: 10,445 RSUs converted to 10,445 shares (transaction code M).
• Tax withholding: 3,061 shares disposed/withheld at $11.45 each for $35,048 (transaction code F).
• Exercise price / consideration: $0.00 for the RSU settlement (no cash paid).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes from the filing: (F1) Each RSU equals a contingent right to 1 share upon settlement for no consideration. (F2) RSUs vest 1/3 on each of the first three anniversaries of the grant date, subject to continued service.
• Transaction type notes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to pay tax liability.

Context
This was a routine RSU settlement (an award converting into stock), not an open-market purchase or discretionary sale. The withholding of shares to cover taxes is common with RSU settlements and functions like a cashless-withholding to satisfy tax obligations rather than a market sale signaling a view on the stock.