Rostami Andrew K sold CACC
April 18, 2024 · Form 4 insider transaction
Rostami Andrew K sold 423.2 shares of Credit Acceptance Corporation at $536.40 per share, a transaction worth $227.0K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Shares withheld to satisfy tax withholding obligations in conjunction with the vesting and conversion of restricted stock units to shares of common stock.; Includes 5,000 unvested restricted stock units that were 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. The original 4,000 restricted stock units granted to Mr. Rostami vest and are being distributed in four equal annual installments beginning on April 18, 2023, which was the first anniversary of the date on which the restricted stock units were granted. The remaining 4,000 restricted stock units vest and are being distributed in four equal annual installments beginning on October 31, 2023, which was the first anniversary of the date on which the restricted stock units were granted.