Booth Kenneth 4
4 · CREDIT ACCEPTANCE CORP · Filed Jan 16, 2025
Insider Transaction Report
Form 4
Booth Kenneth
Director
Transactions
- Award
Common Stock
2025-01-14+57,104→ 68,116 total
Holdings
- 50,000
Employee Stock Option (right to buy)
Exercise: $333.94Exp: 2026-12-30→ Common Stock (50,000 underlying) - 110,000
Employee Stock Option (right to buy)
Exercise: $390.39Exp: 2031-04-28→ Common Stock (110,000 underlying)
Footnotes (4)
- [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