Rostami Andrew K 4
4 · CREDIT ACCEPTANCE CORP · Filed Nov 2, 2022
Insider Transaction Report
Form 4
Rostami Andrew K
Chief Mktg and Product Officer
Transactions
- Award
Common Stock
2022-10-31+4,000→ 8,000 total
Holdings
- 16,000
Employee Stock Option (right to buy)
Exercise: $585.93Exp: 2028-04-18→ Common Stock (16,000 underlying)
Footnotes (2)
- [F1]Consists of 8,000 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. 4,000 shares will vest and be distributed in four equal annual installments beginning on April 18, 2023, which is the first anniversary of the date on which the restricted stock units were granted. The remaining 4,000 shares will vest and be distributed in four equal annual installments beginning on October 31, 2023, which is the first anniversary of the date on which the restricted stock units were granted.
- [F2]The option, representing a right to purchase 16,000 shares, is exercisable in four equal annual installments beginning on April 18, 2023, which is the first anniversary of the date on which the option was granted.