Rostami Andrew K 4
4 · CREDIT ACCEPTANCE CORP · Filed Apr 24, 2023
Insider Transaction Report
Form 4
Rostami Andrew K
Chief Mktg and Product Officer
Transactions
- Sale
Common Stock
2023-04-20$500.00/sh−461$230,500→ 7,115 total
Holdings
- 16,000
Employee Stock Option (right to buy)
Exercise: $585.93Exp: 2028-04-18→ Common Stock (16,000 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.