Kenneth Booth, Credit Acceptance Corporation's Chief Executive Officer and a director of the company, has just filed an initial statement of beneficial ownership where 23,512 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 Booth. Booth operates out of Southfield, MI. Some additional info was provided as follows:
Includes 7,012 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
The option was granted on April 28, 2021 and was subject to shareholder approval of an amendment to the Company's Amended and Restated Incentive Compensation Plan. Shareholder approval was received at the annual meeti ng of shareholders on July 21, 2021.
The option, representing a right to purchase 110,000 shares, is exercisable in four equal annual installments beginning on April 28, 2022, which is the first anniversary of the date on which the option was granted.
The option, representing a right to purchase 50,000 shares, is exercisable 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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