Nicholas J. Elliott - 03 Dec 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
03 Dec 2024
Transactions value $
$0
Form type
4
Date filed
05 Dec 2024, 16:12
Previous filing
25 Jan 2024
Next filing
27 Jan 2025
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 +18.4K +1204% $0.00 19.9K 03 Dec 2024 Direct F1, F2
holding CACC Common Stock 302 03 Dec 2024 By 401(k) Trust F3

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 03 Dec 2024 Common Stock 14K $333.94 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units, which vest over a ten-year period, are intended to provide incentive compensation to the reporting person for 2025 through 2034, with no additional equity awards anticipated to be granted to the reporting person prior to the end of the ten-year period except in certain circumstances including significant changes in performance, responsibility, or market conditions.
F2 Includes 19,073 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 Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of November 29, 2024, according to the Plan trustee.
F4 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.