Ravi Mohan Valiyaveettil - 24 Oct 2024 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Technology Officer
Signature
/s/ Ravi Mohan Valiyaveettil
Issuer symbol
CACC
Transactions as of
24 Oct 2024
Transactions value $
-$578,755
Form type
4
Filing time
28 Oct 2024, 16:10:07 UTC
Previous filing
26 Oct 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 Tax liability -$579K -1.2K -13.64% $480.45 7.63K 24 Oct 2024 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) 16K 24 Oct 2024 Common Stock 16K $424.12 Direct F3
* 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 conversion of restricted stock units to shares of common stock.
F2 Includes 5,000 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. Shares vest and are being distributed in four equal annual installments beginning on October 24, 2023, which was the first anniversary of the date on which the restricted stock units were granted.
F3 The option is exercisable in four equal annual installments beginning on October 24, 2023, which was the first anniversary of the date on which the option was granted.