Credit Acceptance Corporation director just cashed-in 211,000 options

Thomas N Tryforos, a director of Credit Acceptance Corporation, recently cashed-in 211,000 options. The options were exercised at $0.00, while the disposals took place at $0.00 per share, on October 20, 2021. Tryforos continues to hold 418,665 shares of the company. Tryforos operates out of Southfield, MI. Some additional info was provided as follows:


On October 20, 2021, shares held by a charitable remainder trust (referred to herein as Unitrust A), of which the reporting person is the sole trustee, were contributed to a limited liability company (referred to herein as LLC A) managed by a person other than the reporting person, in exchange for 100% of the membership interests of LLC A.
On October 20, 2021, shares held by a charitable remainder trust (referred to herein as Unitrust B), of which the reporting person is the sole trustee, were contributed to a limited liability company (referred to herein as LLC B) managed by a person other than the reporting person, in exchange for 100% of the membership interests of LLC B.
By Elias Charles & Co LLC

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Credit Acceptance: Date Investor Relations: Douglas W. Busk Chief Treasury Officer - Aug. 1, 2022
Credit Acceptance Corporation Just Filed Its Quarterly Report: NET INCOME PER SHARE... - Aug. 1, 2022

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