Kozlik Christen 4

What Happened

• Christen Kozlik, Chief Accounting Officer of Accel Entertainment (ACEL), had 4,798 restricted stock units (RSUs) convert/settle into common shares on March 10, 2026. The RSUs settled for no cash consideration (exercise/conversion code M; footnote: RSUs convert to 1 share each for no consideration).
• To cover tax withholding (code F), 1,401 of the newly issued shares were surrendered at $11.45 per share, generating $16,041 of withholding value. The filing also lists the RSU conversion as a derivative transaction.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Shares acquired on settlement: 4,798 (no exercise price per footnote F1).
• Shares withheld/disposed to cover taxes: 1,401 @ $11.45 = $16,041 (F code).
• Footnotes: F1 notes each RSU converts to 1 share for no consideration; F2 states the RSUs vest 1/3 on each of the first three anniversaries of the grant, subject to continued service.
• Shares owned after the transaction: not disclosed in the provided filing.

Context

• This was an RSU settlement with shares withheld to satisfy tax obligations (a common, routine administrative step), not an open-market sale or purchase. Such withholdings are not usually interpreted as a sentiment signal the way outright purchases or large open-market sales might be.
• Purchases are typically more informative about insider conviction; this activity reflects compensation vesting and tax withholding.