Phelan Mark T. 4

What Happened Mark T. Phelan, Accel Entertainment's COO and President, U.S. Gaming, had a performance-based RSU award settle in mid‑March 2026. A total of 57,686 restricted stock units converted into shares (reported as derivative exercises/conversions at $0). To satisfy tax withholding obligations, 16,904 shares were withheld/disposed at $11.29 per share, generating roughly $190,847 in value. These transactions were recorded on March 14–15, 2026.

Key Details

• Transaction dates: March 14–15, 2026. Filing date: March 16, 2026 (filed promptly after the vesting dates).
• RSUs settled (acquired): 57,686 shares (conversion reported at $0 per share).
• Shares withheld/disposed for taxes: 16,904 shares at $11.29 each, total ≈ $190,847.
• Net shares received after withholding: 40,782 shares (57,686 − 16,904).
• Relevant footnotes: F1–F3 indicate these were RSUs issued upon certification of a three‑year PSU (performance period ended 12/31/2025), 100% of the reported RSUs vest on March 14, 2026 (subject to continued service), and each RSU converts to one share for no consideration.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = payment of exercise price or tax liability (shares withheld).
• No late filing flagged (reported period 3/14/2026, Form filed 3/16/2026).

Context This was a settlement of performance-based RSUs (not an open‑market investment decision). The disposals reflect tax withholding to satisfy payroll/tax obligations — a routine administrative step common when equity awards vest. The filing does not, by itself, indicate a discretionary buy or sell of the company stock beyond the tax withholding.