Arthur L Smith, Credit Acceptance Corporation's Chief Analytics Officer, recently disposed of 2,000 shares of the company. The disposals took place at prices ranging from $500.00 to $525.00 per share, on August 02, 2021. Smith still owns 11,770 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 7,300 vested restricted stock units that were granted under the Company's Incentive Compensation Plan.
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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