Rostami Andrew K 4
4 · CREDIT ACCEPTANCE CORP · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
CREDIT ACCEPTANCE (CACC) CMO Andrew Rostami Withholds 309 Shares
What Happened Andrew K. Rostami, Chief Marketing and Product Officer at Credit Acceptance Corp (CACC), had 308.6 shares of common stock withheld to satisfy tax withholding obligations related to the vesting/settlement of restricted stock units. The withholding was recorded at $498.24 per share, for a total value of approximately $153,757. This was a tax-withholding disposition (code F), a routine administrative action rather than an open-market sale or a purchase.
Key Details
- Transaction date: 2026-01-31 (reported on Form 4 filed 2026-02-03).
- Price / value: $498.24 per share; total value withheld ≈ $153,757.
- Shares withheld: 308.6 shares (disposed to cover taxes; transaction code F).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1: Shares were withheld to satisfy tax withholding obligations upon RSU vesting/settlement.
- F2: The filing references an option (right to purchase 16,000 shares) exercisable in four equal annual installments beginning April 18, 2023.
- Timeliness: Filing date is Feb 3, 2026 for a Jan 31, 2026 transaction; no late-filing indication in the provided data.
Context Tax-withholding dispositions on vested restricted stock units are common and typically administrative; they generally do not signal a deliberate decision to sell shares on the market. The filing also references an outstanding option award (16,000 shares exercisable in instalments), but the reported transaction here solely reflects withholding to cover tax obligations on RSU settlement.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-01-31$498.24/sh−308.6$153,757→ 23,564.4 total
- 16,000
Employee Stock Option (right to buy)
[F2]Exercise: $585.93Exp: 2028-04-18→ Common Stock (16,000 underlying)
Footnotes (2)
- [F1]Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and settlement of restricted stock units to shares of common stock.
- [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.