Jonathan Lum, Credit Acceptance Corporation's Chief Operating Officer, recently acquired 1,241 shares of the company. The buys took place at prices ranging from $0.00 to $385.77 per share, on January 29, 2021. Lum now owns 12,792 shares of the company. Lum 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. Lum on January 30, 2023.
Includes 4,254 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
Shares withheld to satisfy tax withholding obligations in conjunction with the vesting of restricted stock units.
Includes 4,195 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 January 26, 2021, according to the Plan trustee.
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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