Jay D. Martin - 23 Jan 2024 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 2024
Transactions value $
$0
Form type
4
Filing time
25 Jan 2024, 16:10:49 UTC
Previous filing
01 Feb 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 +600 +12% $0 5,575 23 Jan 2024 Direct F1

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) 19,500 23 Jan 2024 Common Stock 19,500 $333.94 Direct F2
holding CACC Employee Stock Option (right to buy) 2,250 23 Jan 2024 Common Stock 2,250 $390.39 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 600 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. 600 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 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.
F3 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.