Rotman Kenneth 4
Research Summary
AI-generated summary
Accel Entertainment (ACEL) Director Kenneth Rotman Receives RSU Award
What Happened
Kenneth Rotman, a director of Accel Entertainment, received two restricted stock unit (RSU) awards on 2026-03-19 totaling 20,070 RSUs (13,914 RSUs + 6,156 RSUs). Each RSU represents a contingent right to one share of the company’s Class A-1 common stock upon settlement; the grants were recorded at $0.00 per RSU (no cash paid) and are reported as derivative awards. These are grants/awards, not purchases or sales.
Key Details
- Transaction date: March 19, 2026; Form 4 filed March 23, 2026 (timely).
- Awards: 13,914 RSUs (F1,F2) and 6,156 RSUs (F1,F3) — total 20,070 RSUs.
- Price: $0.00 per RSU (no cash transferred at grant).
- Vesting: 100% of the RSUs vest on December 31, 2026, subject to Rotman’s continued service (F2).
- Note: The 6,156 RSUs were granted pursuant to Rotman’s election to defer annual cash retainer and committee fees into RSUs (F3).
- Shares owned after the transaction: not specified in the filing.
Context
RSU grants are a form of compensation/retention and do not indicate an immediate buy or sell of stock. These RSUs will convert to actual shares only if/when they vest and are settled; until then they are contingent derivative awards. Director deferrals (electing RSUs instead of cash retainers) are a common practice and reflect compensation structuring rather than near-term trading activity.
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