Derek Harmer, Chief Compliance Officer of Accel Entertainment (EXCHANGE:ACEL), reported multiple on-market and compensatory equity transactions in a Form 4 filed with the Securities and Exchange Commission.
On March 13, 2026, Harmer sold 20,000 shares of Class A-1 Common Stock at $11.39 per share, generating proceeds of $227,800. The filing indicates he subsequently disposed of additional shares to meet tax obligations: on March 14 and March 15, 2026, a combined total of 9,550 shares were sold at $11.29 per share, totaling $130,399.
The Form 4 also documents acquisitions tied to restricted equity awards. On multiple dates Harmer acquired shares through the exercise of Restricted Stock Units (RSUs), reflected in the filing as the acquisition of 4,6974 shares at $0.0. The filing further notes that on March 16, 2026, Harmer acquired 1,000 shares of Class A-1 Common Stock by son.
Following these recorded transactions, Harmer directly holds 207,827 shares of Accel Entertainment.
The insider activity comes as the company is trading at a reported price-to-earnings ratio of 18.65. According to InvestingPro analysis included in the filing summary, the stock is assessed as undervalued relative to its Fair Value. InvestingPro Tips cited in the filing assert that Accel Entertainment is trading at a low P/E ratio versus near-term earnings growth, with analysts projecting continued profitability. The filing points readers to ACEL’s Pro Research Report and related premium content available through InvestingPro, which includes more than 1,400 reports and additional tips and metrics.
Separate company disclosures included with the filing highlight Accel Entertainment’s most recent operational results. For the fourth quarter of 2025 the company reported total revenue of $341 million, topping expectations of $335.27 million and representing a 7.5% year-over-year increase. EBITDA for the period was reported at $56 million, surpassing forecasts by 2%.
The company’s fourth-quarter performance marked the 13th consecutive quarter in which it exceeded estimates, according to the disclosure. Following the reported results, Citizens updated its view by raising its price target on Accel Entertainment from $13.00 to $14.00 while maintaining a Market Outperform rating.
The Form 4 and related company disclosures present a concise record of an insider sell program tied to tax obligations, compensatory RSU exercises and a small family-related acquisition, set against a backdrop of sequential operational outperformance and an analyst-priced valuation framework cited in InvestingPro materials.
Note: All transaction details are drawn from filings and company disclosures as reported.