Kenneth Booth - Jan 14, 2025 Form 4 Insider Report for CREDIT ACCEPTANCE CORP (CACC)

Role
Chief Executive Officer, Director
Signature
/s/ Kenneth S. Booth
Stock symbol
CACC
Transactions as of
Jan 14, 2025
Transactions value $
$0
Form type
4
Date filed
1/16/2025, 04:04 PM
Previous filing
Feb 11, 2022
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 +57.1K +518.56% $0.00 68.1K Jan 14, 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) 110K Jan 14, 2025 Common Stock 110K $390.39 Direct F3
holding CACC Employee Stock Option (right to buy) 50K Jan 14, 2025 Common Stock 50K $333.94 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares underlying restricted stock units granted to the reporting person under the Company's Incentive Compensation Plan and subject to time-based vesting over a four year period as part of a long-term compensation plan for the reporting person, of which 43,420 shares represent long-term retirement restricted stock units. The payment date with respect to all of the vested retirement restricted stock units as of the date the reporting person incurs a separation from service (the "Termination Date") shall be the fifth anniversary of the Termination Date, or, if the reporting person has attained the age of 60 or older on the Termination Date, the second anniversary of the Termination Date.
F2 Includes 57,104 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 a right to purchase 110,000 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.
F4 The option, initially representing a right to purchase 50,000 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