Charles A Pearce, Credit Acceptance Corporation's Chief Legal Officer, recently acquired 1,825 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on January 29, 2021. Pearce now owns 10,728 shares of the company. Pearce operates out of Southfield, MI. Some additional info was provided as follows:
Represents the vesting of performance-based restricted stock units 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. Shares will be distributed to Mr. Pearce on January 30, 2023.
Includes 7,228 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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