Jay D. Martin - 23 Jan 2025 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Financial Officer
Signature
/s/ Jay D. Martin
Issuer symbol
CACC
Transactions as of
23 Jan 2025
Transactions value $
-$83,574
Form type
4
Filing time
27 Jan 2025, 16:04:25 UTC
Previous filing
05 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CACC Common Stock Tax liability -$83.6K -159 -0.57% $524.14 28K 23 Jan 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CACC Employee Stock Option (right to buy) 19.5K 23 Jan 2025 Common Stock 19.5K $333.94 Direct F3
holding CACC Employee Stock Option (right to buy) 2.25K 23 Jan 2025 Common Stock 2.25K $390.39 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock.
F2 Includes 22,583 unvested restricted stock units that were granted under the Company's Incentive Compensation Plan. Each restricted stock unit represents and has a value equal to one share of common stock of Credit Acceptance Corporation.
F3 The option, initially representing the right to purchase 19,500 shares, is exercisable in four equal annual installments beginning on December 30, 2021, which was the first anniversary of the date on which the option was granted.
F4 The option, initially representing the right to purchase 2,250 shares, is exercisable in four equal annual installments beginning on April 28, 2022, which was the first anniversary of the date on which the option was granted.