Arthur L Smith, Credit Acceptance Corporation's Chief Analytics Officer, recently disposed of 1,175 shares of the company. The disposals took place at prices ranging from $0.00 to $452.29 per share, on dates ranging from January 27 to January 29, 2021. Smith still owns 15,770 shares of the company. Smith operates out of Southfield, MI. Some additional info was provided as follows:
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
Includes 5,475 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
Represents the vesting of performance-based restricted stock units granted under the Company's Incentive Compensation Plan. Each restricted stock unit r epresents and has a value equal to one share of common stock of Credit Acceptance Corporation. Shares will be distributed to Mr. Smith on January 30, 2023.
Includes 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
The option vests in four equal annual installments beginning on December 30, 2021, 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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