Credit Acceptance Corporation director was just granted 10,000 options

Vinayak Hegde, a director of Credit Acceptance Corporation, just received 10,000 options from the company. The strike price of the options received was $394.79, and these expire on May 03, 2031. Hegde now owns at least 10,000 options on the company.

Some additional info was provided as follows:

The option was granted on May 3, 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 meeting of shareholders on July 21, 2021.
The option, representing a right to purchase 10,000 shares, is exercisable in four equal annual installments beginning on May 3, 2022, 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

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