Rummler Wendy A, Chief People Officer at Credit Acceptance Corporation (CACC), has been a consistent seller of company stock over the past year, with no open-market purchases recorded in her SEC Form 4 filings. Across 49 transactions, she has disposed of approximately $9.24 million worth of CACC shares, entirely through sales, while acquiring no shares via open-market buys. The pattern is heavily skewed toward selling, with 22 recent sales occurring between February and May 2026, alongside several option exercises (coded "M") that appear to be mechanical conversions rather than discretionary acquisitions.
The most active selling period came on May 18, 2026, when Rummler executed five separate sales totaling roughly $1.1 million, ranging from $29,968 to $413,260 per transaction. That same day, she exercised options valued at $665,876, a common move that typically accompanies share sales to cover exercise costs or taxes. Earlier in May, she sold another $1.13 million across eight transactions, including a single $894,286 sale, paired with a $690,588 option exercise. April 17 saw her largest single-day disposal, with three sales totaling $2.13 million, including a $1.44 million transaction, alongside a $1.36 million option exercise. Smaller sales occurred on February 2, totaling $1.07 million across six trades.
The absence of any "P" (purchase) codes in her filing history underscores a purely distribution-focused approach, with all activity concentrated in CACC. While option exercises and tax-related withholdings (coded "F") are routine, the sheer volume and frequency of open-market sales—averaging roughly $420,000 per selling day—indicate a deliberate reduction of her stake. The transactions are clustered around quarterly vesting dates, suggesting a scheduled liquidation pattern rather than opportunistic timing, though the dollar amounts are substantial enough to warrant close monitoring by shareholders.
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