Jonathan Lum, Credit Acceptance Corporation's Chief Operating Officer, has just filed an initial statement of beneficial ownership where 11,549 shares of Credit Acceptance Corporation were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Lum. Lum operates out of Southfield, MI. Some additional info was provided as follows:
Includes 2,954 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
Held in the Credit Acceptance Stock Fund of the Credit Acceptance Corporation 401(k) Profit Sharing Plan and Trust as of December 21, 2020, according to the Plan trustee.
The option vests in four equal annual installments beginning on December 30, 2 021, which is the first anniversary of the date on which the option was granted.
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:
Major owner of Credit Acceptance Corporation just cashed-in 20,000 options - Dec. 23, 2021
On December - Dec. 20, 2021