Nicholas J. Elliott - 23 Jan 2024 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Alignment Officer
Signature
/s/ Nicholas J. Elliott
Issuer symbol
CACC
Transactions as of
23 Jan 2024
Transactions value $
$0
Form type
4
Filing time
25 Jan 2024, 16:06:45 UTC
Previous filing
18 Dec 2023
Next 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 Award $0 +700 +84.75% $0.00 1.53K 23 Jan 2024 Direct F1
holding CACC Common Stock 292 23 Jan 2024 By 401(k) Trust 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) 14K 23 Jan 2024 Common Stock 14K $333.94 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 700 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. 700 shares will vest and be distributed on January 23, 2025, which is the first anniversary of the date on which the restricted stock units were granted.
F2 Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of January 24, 2024, according to the Plan trustee.
F3 The option, initially representing the right to purchase 15,750 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.