4//SEC Filing
Rostami Andrew K 4
Accession 0000885550-23-000040
CIK 0000885550other
Filed
Apr 19, 8:00 PM ET
Accepted
Apr 20, 4:04 PM ET
Size
7.1 KB
Accession
0000885550-23-000040
Insider Transaction Report
Form 4
Rostami Andrew K
Chief Mktg and Product Officer
Transactions
- Tax Payment
Common Stock
2023-04-18$484.04/sh−424$205,233→ 7,576 total
Holdings
- 16,000
Employee Stock Option (right to buy)
Exercise: $585.93Exp: 2028-04-18→ Common Stock (16,000 underlying)
Footnotes (3)
- [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 7,000 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. The original 4,000 restricted stock units granted to Mr. Rostami vest and are being distributed in four equal annual installments beginning on April 18, 2023, which was the first anniversary of the date on which the restricted stock units were granted. The remaining 4,000 restricted stock units 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.
- [F3]The option, representing a right to purchase 16,000 shares, is exercisable in four equal annual installments beginning on April 18, 2023, which was the first anniversary of the date on which the option was granted.
Documents
Issuer
CREDIT ACCEPTANCE CORP
CIK 0000885550
Entity typeother
Related Parties
1- filerCIK 0001924960
Filing Metadata
- Form type
- 4
- Filed
- Apr 19, 8:00 PM ET
- Accepted
- Apr 20, 4:04 PM ET
- Size
- 7.1 KB